Cheminova India Limited v. --
Case brief
What is this about?
Single judge order dispensing with holders' meetings for a scheme of arrangement under Sections 391-394 of the Companies Act, 1956, due to full shareholder consent and sufficient creditor approval.
What did the court decide?
Meeting of shareholders, unsecured creditors, and secured creditors regarding the scheme of arrangement is dispensed with.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SUMMONS FOR DIRECTION (L) NO. 860 OF 2016
In the matter of the Companies Act, 1956 (1 of 1956); and
In the matter of Section 391 to 394 of the Companies Act, 1956; and
In the matter of Scheme of Arrangement
Between
Cheminova India Limited
And
FMC India Private Limited
And
their respective Shareholders and Creditors
Cheminova India Limited
Parties & counsel
- applicant
Cheminova India Limited
- respondent
FMC India Private Limited
Coram
S.C.Gupte
Case details
As recorded by the court registry
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