Shankar Packagings Ltd. v. --
Case brief
What is this about?
An application for a summons for direction seeking a meeting of shareholders, secured creditors, and unsecured creditors to approve a scheme of amalgamation. Single judge dispensed with all three meetings.
What did the court decide?
Meeting of shareholders, secured creditors, and unsecured creditors regarding the Scheme of Amalgamation is dispensed with.
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY SUMMONS FOR DIRECTION NO 987 OF 2016
In the matter of Companies Act, 1956 (1 of 1956) (or any re-enactment thereof upon effectiveness of Companies Act, 2013)
AND
In the matter of Sections 391 to 394 of the Companies Act, 1956
AND
In the matter of Scheme of Amalgamation of Bulk Bags India Limited with Shankar Packagings Limited and their respective shareholders
Shankar Packagings Limited , a company ) incorporated under the provisions of the ) Companies Act, 1956 having its registered office ) at 303, Turf Estate, off. Dr. E. Moses Road, ) Shakti Mill Lane, Mahalaxmi (West), Mumbai – ) 400 011 )…..Applicant Company
Called: Summons for Direction
Mr. Hemant Sethi i/b. Hemant Sethi & Co., Advocates for the Applicant Company
Parties & counsel
- applicant
Shankar Packagings Limited
Coram
S. C. Gupte
Case details
As recorded by the court registry
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