IN THE HIGH COURT OF BOMBAY AT GOA COMPANY PETITION NO. 23 OF 2009 WESTERN INDIA SHIPYARD ... Petitioner Mr. V. Tulzapurkar, Senior Advocate with Mr. M. S. Sonak, Mr. D. J. Pangam, and Mr. S. P. Mathkar, Advocates for the petitioner. Mr. Y. V. Nadkarni, Advocate for Mormugao Port Trust. Mr. C. A. Fereira, Asst. Solicitor General for the Regional Director. Coram:- NARESH H. PATIL, J. Date:- 15th January, 2010 P.C. The petitioner has prayed that a Scheme of Compromise and Arrangement between Western India Shipyard Limited, its secured lenders and shareholders and ABG Shipyard Limited as confirming party be sanctioned. Shri Tulzapurkar, Learned Senior Advocate appearing for the petitioner submitted that the statutory compliance has been made. 2. The composite Scheme of Compromise and Arrangement is annexed to the petition. On behalf of Mormugao Port Trust, learned Advocate Shri Nadkarni submitted that his statement may be recorded in the following manner : In view of the statements made in the affidavit in reply dated 17.12.2009 of Shri J.C.F. Sequeira, more particularly in paragraph 8 thereof that "I say that even after the Scheme is fully implemented the license granted under the License Agreement would continue to be in favour of the Petitioner Company" and in paragraph 9 thereof that "It is reiterated that the Scheme does not envisage amalgamation of the Petitioner Company and/or transfer/assignment of license, in any way whatsoever", Mormugao Port Trust, at this stage, does not press the objections as raised in the Affidavit dated 4.9.2009. 3. The Regional Director has also filed a report. 4. In the light of the above mentioned facts and statements, the petition is allowed in terms of prayer clauses (a) and (b) of the petition The petitioner shall pay, as costs, Rs.10,000/- to the Regional Director, within two weeks from today. Drawn up order dispensed with. All the concerned shall act on the basis of copy of the order. NARESH H. PATIL, J. ssm.