MOHTA ANOOP V., J.: - "The integration of the manufacturing and other facilities of the cement business of the petitioner-company into the resulting company and the eventual acquisition of management control of the resulting company by Grasim, will contribute to enhanced global competitiveness for the resulting company, thereby increasing its ability to compete in domestic and international markets. Increased competitiveness would contribute to the enhancement of future business of the petitioner-company and thereby contributing to the wealth of the shareholders of the petitioner-company."

The Scheme of Arrangement in question is revolving around the above objective of the Companies.

This is a Company Petition under sections 391 to 394 of the Companies Act in the matter of Scheme of Arrangement between Larsen Toubro Limited (for short "L T" or "demerged company" or "petitioner-company" or "transferor company") and UltraTech CemCo Limited (for short "CemCo" or "resulting company" or "transferee company") and their respective shareholders, creditors and Grasim Industries Limited (for short "Grasim") as a shareholder of L T and L T Employees Welfare Foundation (for sho