THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY PETITION Nos. 110 AND 111 OF 2010 Dated: 18.01.2011 COMPANY PETITION No. 110 OF 2010 Between: ECI Engineering & Construction Company Limited ..... Petitioner Company COMPANY PETITION No. 111 OF 2010 Between: Pylon Constructions Private Limited …… Petitioner Company The Court made the following : THE HON'BLE Ms. JUSTICE G.ROHINI COMPANY PETITION Nos. 110 AND 111 OF 2010 COMMON ORDER : ECI Engineering and Construction Company Limited is the petitioner in Company Petition No.110 of 2010 (hereinafter referred to as the ‘Transferee Company’) whereas Pylon Constructions Private Limited is the petitioner in Company Petition No.111 of 2010 (hereinafter referred to as the ‘Transferor Company’). These two petitions are filed under Sections 391 to 394 of the Companies Act, 1956 seeking sanction of the scheme of amalgamation between the Transferor and the Transferee Companies so as to be binding on all the equity shareholders and creditors of the petitioner companies. While stating that the petitioners are in the process of obtaining consent letters from the secured creditors, the petitioners have undertaken in the company petitions to file the consent before hearing of the company petitions. However, it is represented by the learned counsel for the petitioners that in spite of their best efforts, the petitioners could not obtain the consent of the secured creditors. Hence, the scheme of amalgamation cannot be sanctioned and accordingly, the Company Petitions are closed, granting liberty to the petitioners to file fresh petitions as and when the consent of the secured creditors is obtained. No costs. ___________ G. ROHINI, J Date: 18.01.2011 Ivd