Disposed

Enam Resources Private Limited v. -

Bombay HC14 Mar 2014CSD/154/2014

Case brief

AI extract

What is this about?

Company Summons for Direction dismissing the necessity to convene meetings of equity shareholders and creditors for approving a scheme of amalgamation, due to unanimous shareholder consent and absence of creditors, under Sections 391-394 of the Companies Act, 1956.

What did the court decide?

Directed that a meeting of shareholders and creditors be dispensed with in view of unanimous consent and absence of creditors.

Enam Resources Private Limited Vs - — Company and Corporate | Bombay HC (2014)

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

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COMPANY SUMMONS FOR DIRECTION NO. 154 OF 2014.

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In the matter of the Companies Act I of 1956

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AND In the matter of Sections 391 to 394 of the Companies Act, 1956 AND

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In the matter of the Scheme of Amalgamation of:

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Enam Insurance Broker Private Limited

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AND Enam Resources Private Limited AND Reema Business Services Private Limited WITH Enam Insurance Distributors Private Limited AND their Respective Shareholders

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Enam Resources Private Limited, ) a Company incorporated under the Companies ) Act, 1956 and having its Registered Office at ) 17/19 Khatau Bldg, 2^nd Floor, 44 Bank Street, ) Off Shahid Bhagat Singh Road, Mumbai-400023 ).…APPLICANT

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Called Summons for Direction

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Mr. Hemant Sethi i/b Hemant Sethi & Co, Advocates for the Applicant Company.

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CORAM: G.S.PATEL, J

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DATE: 14^th March, 2014

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Page 1 of 3

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MINUTES OF ORDER

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UPON the application of the Applicant Company above named by a Summons for Direction AND UPON HEARING Mr. Hemant Sethi instructed by Hemant Sethi & Co., Advocates for the Applicant Company, AND UPON READING the Affidavit dated 13^th day of January, 2014 of Mr. Vikas Mapara, Director of the Applicant Company, in support of Company Summons for Direction and the Exhibits referred to therein, IT IS ORDERED :-

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That convening and holding the meeting of the Equity Shareholders of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s), the proposed Scheme of Amalgamation of Enam Insurance Broker Private Limited and Enam Resources Private Limited and Reema Business Services Private Limited with Enam Insurance Distributors Private Limited and their respective Shareholders , is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company which are annexed as Exhibits “C-1” to “C-3” to the Affidavit in Support of Company Summons for Direction.

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That there are no Secured and Unsecured Creditors of the Applicant Company as stated in paragraph 18 of the Affidavit in Support of Company Summons for Direction. Hence, the

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Page 2 of 3

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question of convening and holding meeting of Secured and

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Unsecured Creditors does not arise.

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(G. S. PATEL, J)

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Page 3 of 3

Enam Resources Private Limited v. -

Case brief

What is this about?

What did the court decide?

Enam Resources Private Limited v. -

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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