(1.) THESE two petitions are taken up together for final disposal. Co.P.41/12 is by the transferee company, while Co.P.42/12 is by the transferor company. Both the petitions are filed under Sections 391 to 394 of the Companies Act.
(2.) HEARD Teamed counsel. Perused records in supplementation thereto. It reveals:
(3.) THERE is a declaration that there are no unsecured and secured creditors.