Allowed
In the Matter of Abhilasha Buildcon Private Limited & Ors. v. ....
Delhi HCCO.APPL.(M)/173/2015
Case brief
AI extract
What is this about?
For a proposed amalgamation of 37 transferor companies into one transferee, the court dispensed with shareholder and applicable unsecured creditor meetings on written consents. For one transferor, consenting shareholders represented 15.8% in number and 98.4% in value. The application was allowed.
What did the court decide?
Convening of equity shareholder meetings of all applicant companies and unsecured creditor meetings where applicable was dispensed with.