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Apr 06 2004

In Re: Bharat Explosives Ltd.

Court : Allahabad

Decided on : Apr-06-2004

Subject : Company

Acts : Companies Act, 1956 - Sections 391, 391(1), 391(2) 393 and 394

Reported in : [2005]58SCL370(All)

Mehrotra, J.1. The present company application has been filed under Section 391(1) read with Section 394 of the Companies Act, 1956 by M/s. Bharat Explosives Limited, a Public Limited Company incorporated under the provisions of the Companies Act,

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Mar 11 2005

In Re: Ktc Private Limited,

Court : Allahabad

Decided on : Mar-11-2005

Subject : Company

Acts : Companies Act, 1956 - Sections 235 to 251, 391 to 394, 394(1), 394(2), 394(3), 394A, 397 and 398; Companies (Court) Rules, 1959 - Rules 76 and 80

Reported in : [2006]66SCL241(All)

S.P. Mehrotra, J.1. The present Company Petition under Sections 391 and 394 of the Companies Act, 1956 has been fried by KTC Private Limited haying its Registered Office at 117/H-2/202, Pandu Nagar, Kanpur-208005, Uttar … placed before the meeting of the Unsecured Creditors of the Transferor Company:'RES0LVED THAT pursuant to the provisions of Section 391 to 394 and other applicable provisions of the Companies Act, 1956, the Scheme of Amalgamation of K.T.C Private

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Mar 31 2005

In Re: Rohit Soaps and Detergents Private Limited;

Court : Allahabad

Decided on : Mar-31-2005

Subject : Company

Acts : Companies Act, 1956 - Sections 235 to 251, 391 to 394, 394A, 394(2), 394(3), 397 and 398; Companies (Court) Rules, 1959 - Rule 76

Reported in : [2005]61SCL161(All)

S.P. Mahrotra, J.1. The present Company Petition under Sections 391 and 394 of the Companies Act, 1956 has been filed by Rohit Soaps & Detergents Private Limited, having its Registered Office at 117/H-2/202, Pandu … the meeting of the Unsecured Creditors of the Transferor Company No. 1.'RESOLVED THAT pursuant to the provisions of Section 391 to 394 and other applicable provisions of the Companies Act, 1956, the Scheme of Amalgamation of Rohit Soaps

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Apr 11 2007

In Re: You Telecom India Private Limited; in Re: You Broadband Network ...

Court : Mumbai

Decided on : Apr-11-2007

Subject : Company

Acts : Companies Act, 1956 - Sections 21, 95, 96, 97 and 391 to 394; Bombay Stamp Act; Companies (Court) Rules, 1959 - Rule 85

Reported in : [2007]141CompCas43(Bom); (2008)1CompLJ276(Bom); [2007]77SCL161(Bom)

sanction of the Court is sought to a scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956. The transferor is the Petitioner before the Court in Company Petition 64 of 2007 while the transferee … capital in the exercise of powers under Section 394 of the Act. The Gujarat High Court held that Section 391 was a complete code which provided for the sanctioning of a scheme of compromise and arrangement. Rule 85

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Nov 22 1968

J.K. (Bombay) P. Ltd. Vs. New Kaiser-i-hind Spg. and Wvg. Co. Ltd. and ...

Court : Supreme Court of India

Decided on : Nov-22-1968

Subject : Company

Acts : Companies Act, 1956 - Sections 391, 392(2) and 433

Reported in : AIR1970SC1041; [1970]40CompCas689(SC); [1969]2SCR866

individual bankrupt is by his bankruptcy. This, indeed, is the necessary effect of the express provision of the Companies Act that the estate is to be distributed among the creditors pari passu. Every creditor is to have an … therefore, the joint-debtor could not invoke the principle of accord and satisfaction. By virtue of the provisions of Section 391 of the Act, a scheme is statutorily binding even on creditors and shareholders who dissented from or are

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Jul 15 2002

The Securities and Exchange Board of India (Sebi) Vs. Sterlite Industr ...

Court : Mumbai

Decided on : Jul-15-2002

Subject : Company

Acts : Companies Act, 1956 - Sections 38, 55A, 77, 77A, 77A(1), 77A(2), 77A(3), 77A(4), 77AA, 77B, 80, 100 to 104, 108, 391, 391(7), 394, 394A, 402 and 621; Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998; Depositories Act, 1996; Securities and Exchange Board of India (Depositories and participants) Regulations, 1996; Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997 - Regulations 20(3) and 21(3); Securities and Exchange Board of India Act, 1992 - Sections 11A and 11B; Indian Companies Act, 1913 - Sections 202; Companies (Amendment) Act, 1999

Reported in : [2003]113CompCas273(Bom); [2003]45SCL475(Bom)

a scheme of arrangement between the Respondent Sterlite Industries (India) Ltd( for short 'company') and its shareholders under Section 391 of the Companies Act, 1956. The scheme was presented to the Company Judge on 18th February 2002 after … No. (ii):16. Before we take up this question we would briefly refer to the relevant provisions of the Companies Act Section 77 puts restriction on purchase of its own shares by a company. The section reads as follows :-'77(1)

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Oct 15 2007

Reliance Natural Resources Ltd. Vs. Reliance Industries Limited

Court : Mumbai

Decided on : Oct-15-2007

Subject : Company

Acts : Oil Fields (Regulation and Development) Act, 1948 - Sections 2 and 3; Economic Zone and other Maritime Zone Act, 1976; Companies Act, 1956 - Sections 36, 39, 235 to 251, 391 to 394, 433 and 643; Evidence Act - Sections 57 to 62; Income Tax Act - Sections 2(19AA), 2(19AAA) and 2(41A); Companies (Amendment) Act, 2002; Board of Directors Act; Contract Act - Sections 17; U.K. Act - Sections 206; Constitution of India - Article 297; Petroleum and Natural Gas Rules, 1959; Companies Rules

Reported in : [2009]149CompCas129(Bom); [2008]82SCL303(Bom)

valuation of gas under the PSC.39. On 7.11.2006/8.11.2006, a Company Application No. 1122/06 under Section 392 of the Companies Act, 1956 (the Act) has been filed before the Bombay High Court in which the prayers are as under:(a) … the compromise or arrangement.(2) If the Tribunal aforesaid is satisfied that a compromise or an arrangement sanctioned under Section 391 cannot be worked satisfactorily with or without modifications, it may, either on its own motion or on the

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May 10 1976

In the Matter Of: Chaudhry Metal Industries Pvt. Ltd. and anr. Vs. Com ...

Court : Delhi

Decided on : May-10-1976

Subject : Company

Acts : Companies Act, 1956 - Sections 391

Reported in : 13(1977)DLT210

D.K. Kapur, J.(1) In this petition under Sections 391 and 394 of the Companies Act, 1956, moved by the petitioner company concerning a proposed scheme of arrangement and amalgamation between the petitioner and … in every respects, i.e., I wanted to pass an order which would dispose of the petition both under Section 391 and Section 394 of the Companies Act, 1956 In order to pass this composit order, I have to

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May 10 1976

In Re: Sharat Hardware Industries P. Ltd.

Court : Delhi

Decided on : May-10-1976

Subject : Company

Acts : Companies Act, 1956 - Sections 391 and 394

Reported in : [1978]48CompCas23(Delhi)

D.K. Kapur, J.1. In this petition under Sections 391 and 394 of the Companies Act, 1956, moved by the petitioner-company concerning a proposed scheme of arrangement and amalgamation between the petitioner and M/s. … in every respect, i.e., I wanted to pass an order which would dispose of the petition both under Section 391 and Section 394 of the Companies Act, 1956. In order to pass this composite order, I have to

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May 06 2008

Mekaster Valves and Engineering Services Private Limited

Court : Gujarat

Decided on : May-06-2008

Subject : Company

Acts : Companies Act, 1956 - Sections 17, 21, 31, 81(1A), 81A, 94, 97, 100, 149(2A), 259, 391 to 394 and 394A; ;Bombay Stamp Act

Reported in : [2009]149CompCas593(Guj); [2010]98SCL8(Guj)

MEKASTER VALVES & ENGINEERING SERVICES PRIVATE LIMITED has filed this petition under Sections 391 to 394 of the Companies Act, 1956 for sanctioning the Scheme of Arrangement in the nature of amalgamation of MEKASTER ENGINEERING & EQUIPMENTS PRIVATE … 51 Company Cases 20, the Bombay High Court has held that the Court is given wide powers under Section 391 of the Companies Act, 1956, to frame a Scheme for the revival of a Company. Section 391 is

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