M/S. Shirt Company (India) Pvt. Ltd. v. -
Case brief
What is this about?
On an application for directions under Sections 391-394 of the Companies Act 1956 regarding a scheme of amalgamation, the Court dispensed with the holding of meetings for equity shareholders, secured creditors, and unsecured creditors, accepting consents and undertakings.
What did the court decide?
Meeting convening for shareholders, secured creditors, and unsecured creditors was dispensed with.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORIDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SUMMONS FOR DIRECTIONS NO.846 OF 2015
In the matter of the Companies Act 1 of 1956;
AND In the matter of Sections 391 to 394 of the Companies Act, 1956;
AND In the matter of Scheme of Amalgamation and Arrangement of Together Textile Mills India Private Limited WITH Shirt Company (India) Private Limited and Their Respective Shareholders and Creditors
Shirt Company (India) Private ) Limited, a Company ) Incorporated under The ) Companies Act, 1956 having its ) Registered Office at 2 Brady ) Glady Plaza1/447 Senapati ) Bapat Marg, Lower Parel, ) Mumbai, Maharashtra-400013, ) India. ) …Applicant Company
Called for Summons for Direction for hearing
Mr. Rahul Oak, Advocate for the Applicant
Coram: S. C. Gupte, J.
Date : 30th October, 2015
MINUTES OF THE ORDER
Issues for consideration
1 issue framed by the court
Whether convening of meetings for shareholder, secured creditor, and unsecured creditor approval is required when consents are already obtained.
Parties & counsel
- applicant
Shirt Company (India) Private Limited
Coram
S. C. Gupte
Case details
As recorded by the court registry
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