IN RE Vs. JAI PRAKASH ASSOCIATES LIMITED

JUDGEMENT

(1.) The present company petition has arisen out of an earlier Company-Application (No.174/ALD/2017 filed in this Court) and has been filed as a Second Stage Motion Petition, whereby the applicant's companies (being transferor and transferee company) have prayed for Sanction of the Proposed Company Scheme of Arrangement between the Transferor Company Jaiprakash Associates Limited with the Transferee Company M/s. Jaypee Infrastructure Development Limited.

(2.) This Tribunal in its earlier order dated 08.12.2017 (passed in Company Application No.174/ALD/2017 the First Stage Motion Petition) had issued some direction, which may be stated as under:-

(3.) The applicant's companies by reporting compliance of the aforesaid directions of this Court have moved the present company petition and informed that necessary notices as directed above, have been issued to the concern Parties/Regulatory Bodies/Government Departments. -