IN RE Vs. HARIKA DRUGS PRIVATE LIMITED

JUDGEMENT

(1.) The Company Petition bearing OP (CAA) No. 151/230/HDB/2017 is filed by M/s. Harika Drugs Private Limited (Petitioner / Transferee Company) under Sections 230 and 232 of the Companies Act, 2013, by inter-alia seeking to sanction scheme of Amalgamation in question so as to be binding on all the Equity Shareholders / Members, Creditors and employees of the Petitioner / Transferee Company.

(2.) Brief facts of case, leading to filing of the present company petition are as under:-

(3.) The Directors of both Transferor Company and Transferee Company are of the opinion that the proposed Amalgamation will be for the benefit of both the Companies. The integration, consolidation and amalgamation of the Transferor Company with the Transferee Company would inter-alia have the following benefits:-