The court dispensed with the need to convene meetings of equity shareholders, secured creditors, and unsecured creditors for a proposed scheme of amalgamation due to universal shareholder consent, accepting undertakings for notice publication.
Metings of shareholders and creditors dispensed; undertakings for creditor notices accepted.
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. 359 OF 2016
In the matter of the Companies Act, 1956 (1 of 1956);
AND
In the matter of Sections 391 to 394 of the Companies Act, 1956 as amended and the corresponding provisions of the Companies Act, 2013 upon their notification (including any statutory modifications(s) or re-enactment(s) thereof;
AND
In the matter of the Scheme of Amalgamation of Agarwal Petrochem Private Limited, the Transferor Company with Agarwal Industrial Corporation Limited, the Transferee Company
Agarwal Petrochem Private Limited, a) company incorporated under the) Companies Act, 1956 having its) registered office at 37, New Chemical ) Zone, MIDC - Taloja, Taloja,) Maharashtra - 410208, India ) …Applicant Company
Called for Summons for Direction for hearing
Mr. Rahul R. Mahajan with Amit Surve i/b Fortitude Law Associates Advocates for the Applicant.
Coram: S. C. Gupte, J.
Date: 4th May, 2016
MINUTES OF THE ORDER
UPON the application of the Applicant Company abovenamed by a Summons for Direction AND UPON HEARING Mr. Rahul R. Mahajan, Advocate for the Applicant Company, AND UPON READING the Affidavit Dated 6th April, 2016, Mr. Lalit Agarwal, Director of the
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Applicant Company, in support of the Summons for Direction and the Exhibits therein referred to, IT IS ORDERED:-
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language, both having circulation in Raigad. The said undertakings are accepted.
CERTIFICATE
I certify that this Order uploaded is a true and correct copy of the original signed order.
Uploaded by: Shankar Gawde, Stenographer
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2 provisions across 1 enactments
Agarwal Petrochem Private Limited
Agarwal Industrial Corporation Limited
S. C. Gupte
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
