IN RE Vs. SAINOR LABORATORIES PRIVATE LIMITED

JUDGEMENT

(1.) The Company Petition bearing C.P. (CAA) No. 32/230/HDB/2017 is filed by M/s. Sainor Laboratories Private Limited (Petitioner/Transferee Company) under Sections 230 & 232 of the Companies Act, 2013, by inter-alia seeking to sanction scheme of Amalgamation which is filed as Annexure A-5 so as to be binding on all the Equity Shareholders/Members, Creditors and employees of the Petitioner/Transferee Company.

(2.) The case was listed before this Bench on 29.3.2017, 28.04.2017, 09.05.2017, 09.06.2017, 21.06.2017, 05.07.2017, 20.07.2017, 25.07.2017 and finally on 28.07.2017.

(3.) Facts of case, which are relevant to the issue in question, in brief, are submitted as under: