Hiranandani Builders v. -
Case brief
What is this about?
The High Court of Judicature at Bombay dispensed with the requirement to convene meetings of partners, secured creditors, and unsecured creditors for approving the proposed Scheme of Amalgamation under the Companies Act, 1956.
What did the court decide?
Direction to convene meetings of partners, secured creditors and unsecured creditors for approving the Scheme of Amalgamation was dispensed with.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SUMMONS FOR DIRECTION NO. 436 OF 2016
In the matter of the Companies Act, 1956 or any re-enactment thereof;
And
In the matter of Application under Sections 391 to 394, of the Companies Act, 1956 or any re-enactment thereof;
And
In the matter of Hiranandani Builders, a registered partnership firm, having its principal place of business at 514 Dalamal Towers, 211 Free Press Journal Marg, Nariman Point, Mumbai 400021, Maharashtra;
And
In the matter of the Scheme of Amalgamation amongst Lake View Developers, Hiranandani Builders, Omega Associates, Crescendo Associates, Alpha Associates, Powai Cliff Hill Resorts Private Limited and HGP Community Private Limited and their respective partners and shareholders.
2
Issues for consideration
1 issue framed by the court
Whether convening and holding meetings of partners, secured creditors, and unsecured creditors for approval of the Scheme of Amalgamation is dispensable due to unanimous consent and undertaking to cre
Parties & counsel
- applicant
Hiranandani Builders
Coram
G.S. Patel
Case details
As recorded by the court registry
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