The court allowed an application dispensing with the requirement to convene meetings of shareholders and creditors. The court noted that all requisite written consents had been obtained by the applicant companies.
Dispensation of the requirement of convening meetings of Shareholders and Creditors of the Transferor and Transferee Companies.
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Signature Not Verified Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data i s as p er the physical file and no page is missing.
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is as below:
| Company | No.of Share Holders |
Consent Given |
No.of Secured Creditors |
Consent Given |
No.of Un-secured Creditors |
Consent Given |
|---|---|---|---|---|---|---|
| Transferor Company No. 1 |
3 | All | Nil | N.A. | Nil | N.A. |
| Transferor Company No. 2 |
2 | All | Nil | N.A. | Nil | N.A. |
| Transferor Company No. 3 |
3 | All | Nil | N.A. | Nil | N.A. |
| Transferor Company No. 4 |
3 | All | Nil | N.A. | Nil | N.A. |
| Transferor Company No. 5 |
3 | All | Nil | N.A. | Nil | N.A. |
| Transferee Company |
2 | All | Nil | N.A. | Nil | N.A. |
8. A prayer has been made for dispensation of the requirement of convening meetings of Shareholders and Creditors of the Transferor Companies and the Transferee Company.
9. In view of the written consents, the requirement of convenmg meetings of Shareholders of the Transferor Companies and the Transferee Company are dispensed with.
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10. The Transferor and Transferee Companies do not have any Creditors. Accordingly, the requirement of convening meeting of Un-secured and Secured Creditors of the Transferor and Transferee Companies are dispensed with.
11. The Application stands allowed in the aforesaid terms.
MANMOHAN,J
AUGUST 08, 2011 NG
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1 issue framed by the court
Whether to dispense with the requirement of convening meetings of shareholders and creditors for the proposed scheme.
1 provisions across 1 enactments
Applicant Companies
Manmohan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
