Indicus Analytics Pvt. Ltd. v. -
Case brief
What is this about?
Indicus Analytics sought dispensation from holding shareholders' and creditors' meetings for a proposed amalgamation with Nielsen. The High Court dispensed with these meetings based on e
What did the court decide?
Convening of meetings of shareholders and secured/unsecured creditors dispensed with; separate petition by Transferee Company dispensed with.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SUMMONS FOR DIRECTION NO. 643 OF 2016
In the matter of the Companies Act, 1956 (1 of 1956) (or re-enactment thereof upon effectiveness of Companies Act, 2013);
AND
In the matter of Sections 391 to 394 of the Companies Act, 1956 (or any corresponding provision of Companies act, 2013 as may be notified);
AND
In the matter of the Scheme of Amalgamation of Indicus Analytics Private Limited (INDICUS) and Nielsen (India) Private Limited (NIELSEN) and their respective shareholders and creditors
Indicus Analytics Private Limited, a ) company incorporated under the ) Companies Act, 1956 having its Registered ) Office at Godrej IT Park, C Block, 6th Floor, ) Godrej Business, District Phirojshangar, ) LBS Marg, Vikhroli, Mumbai, Maharashtra ) - 400 079. ) …Applicant Company.
Called Summons for Direction for hearing
Issues for consideration
2 issues framed by the court
Whether convening of meetings of shareholders and creditors is required for approval of the Scheme of Amalgamation.
Whether Nielsen (India) Private Limited is required to file a separate Company Scheme Petition under sections 391 and 394 of the Companies Act, 1956.
Parties & counsel
- applicant
Indicus Analytics Private Limited
- other
Nielsen (India) Private Limited
Coram
B. P. Colabawalla
Case details
As recorded by the court registry
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