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Sundaram Clayton Ltd has informed BSE that the Hon’ble High court of Madras vide its order dated February 20, 2008 has sanctioned the Scheme of Arrangement between the Company and WABCO-TVS (INDIA) Ltd and their respective shareholders and creditors.

The certified copy of the Hon’ble High Court of Madras has been filed with the Registrar of Companies, Chennai, Tamilnadu (ROC), on March 28, 2008, and hence the Scheme has become effective from March 28, 2008, being the ‘effective date’ as defined under the Companies Act, 1956.

Tags: Sundaram Clayton

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