Disposed
Mrinal Exim Private Limited v. -
Bombay HCCSD/663/2014
Case brief
AI extract
What is this about?
Applicant company sought direction to dispense with meetings of shareholders and creditors for scheme of amalgamation. Court dispensed with meetings for equity shareholders and unsecured creditors based on consolidated consents, and for secured classes due to no secured creditors.
What did the court decide?
Meeting of equity shareholders, secured creditors, preference shareholders, debenture holders and unsecured creditors was dispensed with for the scheme of amalgamation.