Lloyd Electric & Engineering Ltd has informed BSE that vide its order dated April 08, 2013 the Honble High Court of Delhi has granted its sanction to the Company petition no. 596 of 2012 filed by Perfect Radiators and Oil Coolers Private Limited before the Honble High Court of Delhi with reference to the Scheme of Arrangement between Perfect Radiators and Oil Coolers Pvt. Ltd. (the transferor Company) and Lloyd Electric and Engineering Limited (the transferee Company).
Further, second motion Company Petition No. 35/2012 by LEEL ('the transferee Company') is pending for adjudication before the Honble High Court of Rajasthan, Jaipur Bench. The scheme shall come into effect only after the same is also sanctioned by the Jaipur Bench of Rajasthan High Court.
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