Allowed
Ambit Holdings Private Limited v. 0
Bombay HCCSD/750/2015
Case brief
AI extract
What is this about?
The Bombay High Court, summarily disposing of an application under Sections 391-104 of the Companies Act, 1956 and Section 52 of the 2013 Act, dispensed with the need for meetings of equity shareholders and secured creditors for a proposed amalgamation scheme, relying on unanimous shareholder consent and an undertaking to notify unsecured creditors.
What did the court decide?
Dispensed with meetings of equity shareholders and secured creditors; meeting of unsecured creditors dispensed with upon undertaking to issue notices via registered post and newspaper publication.