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Gateway Distri
BSE: 532622NSE: GDLISIN: INE852F01015

2nd-Dec-2014 14:12Source: NSE

Gateway Distriparks Limited

Gateway Distriparks Limited has informed the Exchange that that the petition filed by the Company''s subsidiary Company, Gateway Distriparks (South) Private Limited (GDSPL) to the Madras High Court, under sections 391 and 394 of the Companies Act, 1956, for sanctioning the scheme of amalgamation between GDSPL and the Company was heard on November 24, 2014.The Madras High Court has directed GDSPL to publish notice of the petition at least ten days before the next hearing date (being December 23, 2014) and for notice to be given to the Registrar of Companies, Tamil Nadu, the Regional Director, Ministry of Corporate Affairs, Chennai and the Official Liquidator, Madras High Court, for giving objections / support to the Scheme of Amalgamation. Further the Company also informed that the Company Summons for Direction filed by the Company before the Bombay High Court in respect of the scheme of amalgamation between GDSPL and the Company was heard on November 15, 2014. The Bombay High Court has passed an order dispensing with (a) notice to shareholders of the Company; (b) creditors of the Company and (c) the filing of the Company Scheme Petition by the Company.

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