SIDDHARTH MRIDUL, J.

1. The present petition has been filed jointly under Sections 391 and 394 & sections 100 to 104 of the Companies Act, 1956 (hereinafter referred to as ‘the Act’) by Jindal Polymer Products Private Limited (hereinafter referred to as ‘Transferor Company No.1’), Shatabdi Paper Mills Private Limited (hereinafter referred to as ‘Transferor Company No.2’) and Annapurna Steels Private Limited (hereinafter referred to as ‘Transferee Company’) seeking sanction of the scheme of arrangement (hereinafter referred to as ‘the Scheme’) for the Demerger of the Investments Business of Transferor Companies into the Transferee Company; and the Demerger of the Investments Business of the Transferee Company into Transferor Company No.1.

2. The registered offices of each of the Petitioner Companies are situated at Delhi, within the jurisdiction of this Court.

3. Transferor Company No.1 was incorporated under the Act and a certificate in this behalf was issued on 21.04.1980 by the Registrar of Companies, Uttar Pradesh at Kanpur. Thereafter, the registered office of Transferor Company No.1 was shifted to Delhi and a fresh certificate in this behalf was issued on 12.11.2015 by