S.MURALIDHAR
In The Matter of: Vodafone Essar South Ltd. & Anr. – Appellant
Versus
. – Respondent
1. This is a joint application by Vodafone Essar South Limited (now Vodafone South Limited) (hereafter referred to as 'the Transferor company') and Vodafone Essar Space Limited (now Vodafone Spacetel Limited) (hereafter referred to as 'the Transferee company') [hereafter also collectively referred to as 'Applicant compa#31;nies'] under Section 392 of the Companies Act, 1956 ('Act') praying for dismissal as withdrawn of main Company Petition No. 276 of 2010 in which an order was passed by this Court on 28th March, 2011 approving the Scheme of Demerger ('Scheme') of the National Long Distance ('NLD') and International Long Distance ('ILD') businesses from the Transferor company into the Transferee company.
2. In terms of the Scheme that was approved by the Court, the effective date was under Clause 1.1 (f) defined as the date on which the last of the approvals or events specified under Clause 17 of Part III of this Scheme was to be obtained. Under Clause 17, the Scheme was made conditional upon and subject to "the requisite consent, approval or permission of the Department of Telecommunications ('DoT'), Government of India, any authority or dep
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