{"id":246250,"date":"2009-02-02T00:00:00","date_gmt":"2009-02-01T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/batliboi-spm-private-limited-vs-nil-on-2-february-2009-2"},"modified":"2016-12-03T16:16:30","modified_gmt":"2016-12-03T10:46:30","slug":"batliboi-spm-private-limited-vs-nil-on-2-february-2009-2","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/batliboi-spm-private-limited-vs-nil-on-2-february-2009-2","title":{"rendered":"Batliboi Spm Private Limited vs Nil on 2 February, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">Batliboi Spm Private Limited vs Nil on 2 February, 2009<\/div>\n<div class=\"doc_author\">Author: Mohan Shantanagoudar<\/div>\n<\/p>\n<pre><\/pre>\n<p>&#8216; 3% (Z:c;mpa11y \u00a711\u00a7::3:4&#8243;g:\u00a7a:\u00a7I?3:@{i umi\ufb01r   u h &#8216;V<\/p>\n<p>.,1Am\u00a7\u00a7  *<\/p>\n<p>:94 THE 915% smug? as: KAQNATAKA A? BA\u00a5a\u00a7\u00a3\u00a7\u00ab:%i.GRE: : H.<\/p>\n<p>i&#8217;;&gt;2&#8217;\u00a7T\u00a7D THI5 THE 2% my GF FEBRU\u00e9R3%4,:&#8217;:2OC\u00a7f9::  {    A <\/p>\n<p>agmpzra<br \/>\nTHE H\u00a3Z3N&#8217;B\u00a7.\u20ac MRSUSTICE ;iA\u20ac3%\u00a7Ar4\\s:~%\u00a7\u00a7:~2:\u00a5,e;:s~3.\u00e9:\u00a7{2\u00a7.;&amp;\u00a7.\u00a7%<br \/>\ncawazazv 9\u00a7TzT::\u00a7:\u00a7;%:~ac2A\ufb013s22&lt;jo%a %<br \/>\nBETE\u00a5EE\u00a7\u00a7&#039;$:.   &quot; &#039; 1. 1&#039; V<br \/>\nBa\u20ac1ib&lt;3iSPM Priwzitet L\u00a7;;;;~:\u20ac;i.  &#039;V<\/p>\n<p>Tbs Cozzxpaxzjcs Acfzlf  . U ..  <\/p>\n<p>Havi\ufb01g ifs R\u00e9tg-:&#8217;g.;&#8217;~-\u00a3I\u00a7\u00a7*:&#8217;iia:iz: at&#8211;ff,   &#8221; _ &#8221;<\/p>\n<p>Piaf N&lt;).24,  fx\ufb01\u00e9\u00e9in  .. V M<br \/>\nV\u20acerasan\u20aci1aTAi\u00a3:du\u00e9if:&#039;i\u00a2 ?..r\ufb01a.\n<\/p>\n<p>39$ Eihzi, }insta:~&#8217;V_:%oad.% &#8221;  . _<\/p>\n<p>8anga1&lt;\u00a7rt:~&#039;S{3G 1_C;&lt;:x_&#039;-._   &quot; __ ,. Tf&#039;\u00a7i&#039;I&#039;ITH&#039;)NE:R<\/p>\n<p>{B}; Sn} T.P;\u00a7&#039;\u00a75\u00a7%cka%1a1;\u20ac_\u00a7 fa?&#039; Sri P.S.Manj1;:1\u00a7ath$ Adv. ,3<\/p>\n<p>        ,. RESPGEDENT<\/p>\n<p>  V.Ja3:a1&quot;m f\ufb01ii&#039; \u20ac}.L.\n<\/p>\n<p>,3;-i &#8216;Ei.\u00a73.i3?3:1ftasic1daiah\u00a7 case for R063}<\/p>\n<p>his cempaxiy p\ufb01tfiierx is \ufb01led lllid\u00e9fi&#8217; Sections 391 to<\/p>\n<p>   6f the. Companias Act, .1956, gxzaying that far the mass0::1s<br \/>\n  stated therein this H0n&#8221;bIe Cmzrt may he ggaleaga\u00e9 ta} gamc\ufb01en<\/p>\n<p>.2-\n<\/p>\n<p>this &amp;:I::&amp;mtt of Amaigamatio\ufb01 6? the _\u00a7\u20ac\u00a7\u00a7ti0ii6I'&#8221;CO\ufb013,f#\u20ac\u00a73f13?,<br \/>\nBa\ufb01iboi SPM Privat\u00e9e Limitmi :\u00b0i}iZI3,1\u20acfX1i1&#8243;\u20ac&#8217;;-N to the }Z&gt;\u20ac1ZiLi\u00a7393;1_Ss&#8217;}<\/p>\n<p>as ta &#8216;Qt birztiiazg 3:1 alt (m:&lt;:cm\u00bb::\u00bb:1 isxckziling i}}\u20ac_.fL$&quot;\u20aci?&#039;i;i..&#039;};1}5::}%f~&quot; ..<br \/>\nttompany itself, the &#039;\u00a7&#039;:{&#039;a.I1sfe1~e\u00ab&amp; coxnpaxajg&quot; anti t&#039;?m~:_iIf_1v::$p~::&#039;g::-i:iv&#039;c:._._ .<\/p>\n<p>3}T131&#039;\u00a3h()1{\u00a7\u20ac\u00a7?$ anti crec\ufb01itera anti Etc.<\/p>\n<p>Thig crampmzy patitign tscymistxgf mifzrij ;;r(i\u00a7::&#039;:\u00e9&quot;.}j&#039; &#039;fi;.iis&quot;d*ay <\/p>\n<p>the Cmm: made that foI}.Wing:&#8211;   A s<\/p>\n<p>0 R. 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As \u20ac\u00a7&#039;i\u20ac&#039;A&#039;\u00a7fi}TiSii1{\ufb01S&#039;\u00a7;&#8211;{\u00a7:f :\u00a3&#039;;;?;\ufb01%%\u00a7\u20ac&#039;3f%i&#039;w&#039;I\u00a7&#039;3\u00a71Sf\u20acf\ufb01\u20ac<br \/>\nC\ufb01ifiji\ufb01f\ufb01\ufb01is   \u00a5:s:s  e;%*;;f:&#8211;:s&#039;:e&quot;_:&#039;1&#039;vV::&quot;\u00ab&#039;:&#039;:V\u00bbe\ufb011\u20ac::* 8316 3:; the<br \/>\nam aEga2;f3,a::i\u00a7\u00a7&#039;i.V  ii   \u00e9rxiernai \u00ab&amp;:{::me:11ie&#039;a<br \/>\nSiiilh  %;\u00a7: &quot;a&#039;\u00a7;\u00a7:;;%:2f{3&#039;tr2:ii2:\u20ac s:\u20ac:$iis, axcis\ufb01 {sf<\/p>\n<p>eff\ufb01ciiva 4:\u00a7i:a_1:i::&quot;{:3;,V&quot; 5521&quot;; &#039;:%g&#039;1&#039;;.::;:_%{: a\u00a7::$1&#039;atia3&#039;3a\u00a7 a&lt;:iva:1&#039;*:ag\u20ac:\u00a7\u00a7&#8217;g:s:*\u00a2:}\u20aciz::_ct\u00a7vi%\u00a7v af the cambimzzi f\ufb01\ufb01\ufb02siif\ufb01i\ufb01\ufb01, 3%:-3.,<\/p>\n<p>;&#8217;\u00a7;4;::%\u00e9*\u00e9&#8217;&#8211;.V;_:\u00ab3\u00a7\u00a3*%:;\u00a7zi?:L;&#8211;si\u00e9:a9j\u00a33: Wh\ufb01il 3}} the \u00a7&amp;L1rez\u00a7 &lt;3-i&quot;ee:%.:\u00a3t.\u00a3;:&#039;5 arid<\/p>\n<p>j::I:S\u20ac&lt;\u00a7u,:*%:{i %::r&amp;\u00a7iiC;i&quot;s am&#039;: \u00a7i\u00a7&quot;;;\u20aci aha &quot;&quot;62 \u00a7;&#039;1i3\u00a7\u20ac\u00a7i5&#039;i\u00a7&#039;S wkaa were<\/p>\n<p>1.}3i*\u00e9S\u00e9:i2f;t in ih\ufb01.&#8217; \ufb01zee\ufb01zzg Eiaver EEG Qbg\u00e9c\u00e9i\ufb01ii fax&#8217; \u00a7i\u00a7\u00a7}f'{}ViE&#8221;ig<\/p>\n<p>&#8216; -&#8220;i:}:1&#8217;:.f: 832183126, th\u00e9\ufb01 C031? {if the <\/p>\n<p>.13-\n<\/p>\n<p>16. As the shareholders have approved the<\/p>\n<p>Scheme, it is not open to this Court to sit as&#8217; a <\/p>\n<p>appeal and decide sitting in judgment qvere&#8217; &#8216;4 <\/p>\n<p>commercial wisdom of the shareholders.  3    &#8216; <\/p>\n<p>the following order is made\u00bb<\/p>\n<p>The Scheme of  eide.&#8217;<br \/>\nsanctioned, so as to he bi;;di11g&#8221;bVf.1i.: ef1aIei&#8221;1&lt;;1ders<br \/>\nand creditors of Iransrex\ufb01g<br \/>\nThe &#039;I&#039;ransfero1j\u00ab  &#039;erimout there<br \/>\nbeing an     V<\/p>\n<p>   shall be filed before<\/p>\n<p>the Regisu-ax: cf  thirty days from the<\/p>\n<p>date ofgreceipt\u00e9 xof-&#039;\u00bb  ofi\ufb01ee.\n<\/p>\n<p> &#8216;  &#8216;petition is died of accordingly.\n<\/p>\n<p>Sef-:2<br \/>\nIud\u00a75<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court Batliboi Spm Private Limited vs Nil on 2 February, 2009 Author: Mohan Shantanagoudar &#8216; 3% (Z:c;mpa11y \u00a711\u00a7::3:4&#8243;g:\u00a7a:\u00a7I?3:@{i umi\ufb01r u h &#8216;V .,1Am\u00a7\u00a7 * :94 THE 915% smug? as: KAQNATAKA A? BA\u00a5a\u00a7\u00a3\u00a7\u00ab:%i.GRE: : H. i&#8217;;&gt;2&#8217;\u00a7T\u00a7D THI5 THE 2% my GF FEBRU\u00e9R3%4,:&#8217;:2OC\u00a7f9:: { A agmpzra THE H\u00a3Z3N&#8217;B\u00a7.\u20ac MRSUSTICE ;iA\u20ac3%\u00a7Ar4\\s:~%\u00a7\u00a7:~2:\u00a5,e;:s~3.\u00e9:\u00a7{2\u00a7.;&amp;\u00a7.\u00a7% cawazazv 9\u00a7TzT::\u00a7:\u00a7;%:~ac2A\ufb013s22&lt;jo%a % BETE\u00a5EE\u00a7\u00a7&#039;$:. &quot; [&hellip;]<\/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-246250","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Batliboi Spm Private Limited vs Nil on 2 February, 2009 - Free Judgements of Supreme Court &amp; 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