LAWS(BOM)-2004-4-112

LARSEN AND TOUBRO LIMITED Vs. STATE OF MAHARASHTRA

Decided On April 22, 2004
LARSEN AND TOUBRO LIMITED Appellant
V/S
STATE Respondents

JUDGEMENT

(1.) GLOBAL competitiveness :

(2.) THE scheme of arrangement in question is revolving around the above objective of the companies.

(3.) THIS is a company petition under Sections 391 to 394 of the Companies Act in the matter of a scheme of arrangement between Larsen and Toubro Ltd. (for short "l and T" or "demerged company" or "petitioner-company" or "transferor company") and Ultra Tech Cemco Ltd. (for short "cemco" or "resulting company" or "transferee company") and their respective shareholders, creditors and Grasim Industries Ltd. (for short "grasim") as a shareholder of Landt and L and T Employees Welfare Foundation (for short "trust" ).