M/s. Crane Infrastructure Limited a company incorporated under the Companies Act v. S. L. Kantha Rao

Having heard Sri V.S. Raju, Advocate for the petitioners- companies, and having noticed that no objections of any nature have been received for the proposed Composite Scheme of Arrangement from the public, I am of the considered opinion that this Court should also have no objection for sanctioning of the proposed Composite Scheme of Arrangement. Accordingly, this Court doth hereby sanction the Composite Scheme of Arrangement set forth in paragraph-19 of the petitions herein (Annexure - A7) and the schedule hereto, and doth hereby declare the same to be binding on the creditors and equity shareholders of the above named companies and also on the said companies. That, the parties to the Composite Scheme of Arrangement or other persons interested shall be at liberty to apply to this Court for any directions that may be necessary in regard to the working of the Composite Scheme of Arrangement and that the petitioner-company in C.P.No.11 of 2009, shall pay an amount of Rs.3,000/- each to the learned Counsel for the Official Liquidator, Sri M.Anil Kumar, and learned Assistant Solicitor General, Sri Ponnam Ashok Goud, towards costs. The petitioners-companies in C.P.Nos.9 and 10 of 2009 each shall also pay a sum of Rs.3,000/- to Sri Ponnam Ashok Goud, learned Assistant Solicitor General, towards costs. That the said companies do file with the Registrar of Companies, a certified copy of this order within 30 days from the date of receipt of such copy. These Company Petitions shall stand allowed accordingly. Date:18.02.2010 VGB ___________________ N.V. RAMANA, J.