{"id":13491,"date":"2008-09-04T00:00:00","date_gmt":"2008-09-03T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/kirloskar-electric-co-ltd-vs-nil-on-4-september-2008"},"modified":"2017-04-04T12:26:35","modified_gmt":"2017-04-04T06:56:35","slug":"kirloskar-electric-co-ltd-vs-nil-on-4-september-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/kirloskar-electric-co-ltd-vs-nil-on-4-september-2008","title":{"rendered":"Kirloskar Electric Co Ltd vs Nil on 4 September, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Kirloskar Electric Co Ltd vs Nil on 4 September, 2008<\/div>\n
Author: Ajit J Gunjal<\/div>\n
IN THE mm; come? or-* KARNATAKA AT   %\n\nDATED THIS THE 4*!\u00bb DAY or-' SEPTEMBER    Q ff   L7  ' *\n\nBEFORE   \n\nTHE HUMBLE MR. JUSTICE \" ms % J\u00a5\"'\u00a7 .    X\n\nCOMPANY 1   \ncompzuw  \n\nCOMPArIIYPE'P(.I:'\u00a7I~\"f\u00a3';'l'\u20ac.\u00e9NQ;42\/Zi\ufb01ilfi\nBE*rwEEN,: %     % % L\nIn God'.     %  \nKzziosln i\ufb01lecmc  [mm\n\n Industrial Suburb,\n  -- 560 010.\n\n %  \n\n\" \"Read;  %md,\n*     ,\n   560 010. \n\nH\/3.AZB Perms, m bom)\n\n\n\nsrLP.Km1mm Ktmm Raddy     j\n\nCompany Petition No.41\/\"2{)08  \nSections 391 to 39-4  73  we to\n104 of the Cmpanies A(_:t',~ 1956;,  that for the\nreasons stated thezm,  Cemt may he\nAmalgae  'A' in  so m to be\nbinding on the swmclmnas md\ncneditnrs  Ciompimy and the\nand c1'edit,:'1x's      \n\n Pea\ufb01{ma%N\u00a7;42\/mos is m under\nSections 391'-to\"  Companies Act, 1956,\n\n be  no than the Scheme of\n\n  ' w: 1:-MW --= : Annexure 'A' in the\n\n cmd\ufb01ors me! also on the\n\nt!mrmsp\u00aeme ammwemdm,\n\n'   the Court made the felloww\n\nVCompanyandOampmxyPetmonNo.42\/Zooshbythe\ufb02\n\nORDER\n<\/pre>\n
Company Petition No.41\/2008 is by the Ttansmee<\/p>\n
I<\/p>\n
X’<\/p>\n
-3.\n<\/p>\n
Tran\u00a7e1’oa*Compa11y.Boti1thmcpetivm’e\ufb01led<\/p>\n
Lmdcr Sections 391 to 394 on-he oompanm 511\u00bb
\npetitions is that the Scheme 0;
\nCourt so as to hm the
\nshamhoiders    were
\nanmmed and   \u00abs.-ui pursuant<\/p>\n
to the   cm:-sal Liquidahm’
\nas well as   ‘me notified.\n<\/p>\n
2.   the 01.3′ rm med ms<\/p>\n
   submim that the czmtexea
\n by ms Court and he has<\/p>\n
 0,~m..,,m.mmm.\n<\/p>\n
.   not  any wdvmsc mum in the fmx\ufb01ng of<\/p>\n
h  \ufb01rm’ Compwxy do not have my pnejudme’ hi<\/p>\n
 %  of the nRems’ ts of its manner or to the pub\ufb01c.<\/p>\n
c’!-t.\n<\/p>\n
Soalsoigtlmerepm-ta\u00a7tbeCmnpaInI1MPetitioIL\ufb02<\/p>\n
.4-\n<\/p>\n
Incidentally, this report is \ufb01led in Company
\nNo.42\/2O08. ” I’ V A<\/p>\n
3. The Regional Dmctor   Ak
\nhowem, has raised three
\ntermed as objections i.c.,
\nc\ufb01bctivc, the autmm  <\/p>\n
date, the   company
\nshall be  mpaax of the
\n‘rranm’eme   Gummy. It is
\n   of authmiaed mpatax or<\/p>\n
  of Sections 94 and 97 at the<\/p>\n
  1956 g<\/p>\n
    seommd objemnn is to claims 7.} and 7.2 of<\/p>\n
%k;1emczgeraru;enm%mmr@orxh~1os1m~<\/p>\n
J<\/p>\n
.5.\n<\/p>\n
Power Equipments Limited (%crged Oompmy). The<\/p>\n
objectim1isttmtheDmergedOm%istmavimi$s.._
\nrcgisbered omoe ha Punc in the State of  x<\/p>\n
5. In so far as the \ufb01ra 0
\namdavit is mad by the
\nthat the mclusion of   of<\/p>\n
respect of\ufb01rw   t
\nNo.393\/25()O8VV ia   wmm the
\nA V  =  . Insoforas<\/p>\n
  \ufb01\ufb02hzg whethcr a Trust can<\/p>\n
  at me company, it in summed that<\/p>\n
  77 cf the ompames Act, a Trusx can<\/p>\n
\/’<\/p>\n
.5-\n<\/p>\n
5. The learned oounsci appear-kg fwthc
\nseeks to rely on a judgment of the Delhi H?gh  %
\nthe mac ofmuadull Tdcncatles Ltd.  % ‘   <\/p>\n
(V0136) Delhi 325 wherein it    ‘<\/p>\n
of Amasgmmm, there   of
\n42 and 77 of    a
\nsumidialy  of me
\nammem   is not in the
\npublic     the scheme is
\nmm to    % A<\/p>\n
 is the View of the<\/p>\n
  7.’:  the Sch% of Anm\ufb01mt is<\/p>\n
  of Dimctm-s on 23.11.2007 and
\n the  Imtices were Published in the
\n  Hanan and Kannada Prabha. mewms of
\n Having xmna to the cncmmaw that
\n  tneiscrmeoramaxmmnandanmgenmus<\/p>\n
0<\/span>
\n\u00aban,<\/p>\n
 \/
\n‘ r<\/p>\n
public interest, them shouid not be any impedi\ufb02 in
\ng~ann’;mnerequestmadebyt.hepcut;%  T<\/p>\n
The omer shali be bindmg on  <\/p>\n
shazeholaers of mm the mnaaw  as   g %<\/p>\n
Pc\ufb01t1oncr’ to me a aw   “f&\u00b0V” ‘B 3″‘
\nRegistrar of       1   ”\n<\/p>\n
         save<\/p>\n
Iudtf\u00e9<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Kirloskar Electric Co Ltd vs Nil on 4 September, 2008 Author: Ajit J Gunjal IN THE mm; come? or-* KARNATAKA AT % DATED THIS THE 4*!\u00bb DAY or-‘ SEPTEMBER Q ff L7 ‘ * BEFORE THE HUMBLE MR. JUSTICE ” ms % J\u00a5”‘\u00a7 . X COMPANY 1 compzuw COMPArIIYPE’P(.I:’\u00a7I~”f\u00a3’;’l’\u20ac.\u00e9NQ;42\/Zi\ufb01ilfi BE*rwEEN,: % % […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-13491","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nKirloskar Electric Co Ltd vs Nil on 4 September, 2008 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/kirloskar-electric-co-ltd-vs-nil-on-4-september-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kirloskar Electric Co Ltd vs Nil on 4 September, 2008 - 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