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High Court for State of TelanganaCP/107/2014closed no costs

M/S. R.V.K. Energy Private Limited v. -

2015-02-02C.V.Nagarjuna Reddy2 pages

The Hon'ble Sri Justice C.V.Nagarjuna Reddy Company Petition No.107 of 2014 Dated 02.02.2015 Between:

M/s.R.V.K.Energy Private Limited, Hyderabad, rep. by its Director K.Vijaya Kumar

...Petitioner/

Transferee Company Counsel for the Petitioner:

Mr.V.S.Raju The Court made the following:

Order:

This Company Petition is filed for approving the scheme of amalgamation of the petitioner- Transferee Company with M/s.Andhra Fuels Private LimitedTransferor Company. By Order, dated 29-04-2014, this Court has ordered notice to the Regional Director, South Eastern Region, Ministry of Corporate Affairs, Hyderabad, besides directing publication of notice in the newspapers.

The petitioner has, accordingly, carried out the paper publication.

On one of the previous dates of hearing, Mr.B.Narayan Reddy, learned Assistant Solicitor General, has brought to the notice of the Court that certain documents containing the information sought by the Regional Director, South Eastern Region, Ministry of Corporate Affairs, Hyderabad, have not been furnished by the petitioner. Thereafter, the case was adjourned many times on the representation of the learned Counsel for the petitioner that the information sought by him will be furnished.

Today, Mr.V.S.Raju, learned Counsel for the petitioner, submitted that as the consents of some of the secured creditors of the petitioner- Transferee Company could not be obtained, the information sought by the Regional Director could not be furnished. He has, therefore, requested for closing this Company Petition with liberty to the petitioner to file a fresh one as and when its secured creditors give their consent. In view of the above facts and circumstances, this Company Petition is closed with liberty to the petitioner in terms of the prayer made.

______________________ (C.V.Nagarjuna Reddy, J) Dt: 2nd February, 2015 LUR