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Hanuman,
I\'m sorry to say you are way off the mark, buddy - redo I-140 costs $115/=. Also, redo I-140 is not processed like a regular I-140 - I got mine approved in 8 business days. Lastly, as long as you have a company name change, VSC is going to put a hold on your application. The moment an amended I-140 is filed, it is linked to your I-485 application, and the hold is released. Your I-485 is approved as soon as I-140 is. Check my earlier postings on this forum, and you will see that I am one of those guys whose I-485 was approved after a redo I-140. The only other way to get an approval is to wait indefinitely for the AC21 regulations to come out. The only thing I agree with is that the AC21 regulations are going to be favorable to company name change cases - but in this economy I would rather have my GC than wait for the guidelines.
Also, more and more IGATE people are getting approvals - all because the company decided to file amended I-140 en masse. I don\'t think it is too late yet, and you can still expedite your I-485 approval by filing an amended I-140.