AVON TUBES LIMITED Vs. STATE

JUDGEMENT

(1.) IN this petition under Section 391 to 394 of the Companies Act, 1956, read with Rule 9 of the Companies (Court) Rules,1956 duly supported by affidavits, the Petitioner Companies seek sanctioning of the Scheme of Arrangement (Annexure P/1) vide which it is proposed to merge the "Business Manufacturing of Steel Tubes and Bicycle Rims" division of Petitioner Company I into Petitioner Company II,

(2.) THE registered offices of the Petitioner Companies I to V are situated at GT Road, Dhandari Kalan, Ludhiana.

(3.) MAIN objects of the Petitioner Companies I to V are detailed in their respective Memorandum of Articles and Association which are placed on record as Annexures P -3, P -5, P -7, P -9 and P -11, respectively in the First Motion Petition i.e. Company Petition No. 9 of 2014.