Creditors of demerged / transferee company not entitled to be heard in the petition filed u/s. 391

HIGH COURT OF BOMBAY Innovatherm GmbH Versus Sesa Goa Ltd. CO. APPEAL NOS. 14 AND 15 OF 2012 CO. APPLICATION NOS. 82 AND 83 OF 2012 JANUARY  7, 2013 JUDGMENT V. M. Kanade, J.  The appellant is challenging the judgment and order passed by learned Single Judge dated 22/11/2012 in Company Application Nos.78 and 79 of 2012. By the said judgment and order, learned Single Judge was pleased to dismiss the Company Applications filed by the appellant by holding that the appellant Company had no locus to be heard in the Company Petition filed by the respondent under Section 391 of th...