The Court allowed an application under Sections 391 and 394 of the Companies Act, 2013 dispensing with the meeting of shareholders and unsecured creditors due to their unanimous consent for the proposed Scheme of Amalgamation.
Dispensation from convening meetings of shareholders and unsecured creditors was granted.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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ACE SECURITIES PRIVATE LIMITED ..... Petitioner
. . .Applicant /Transferor Company
WITH
MANI COMPUSOFT PRIVATE LIMITED.
...Applicant /Transferee Company Through: Mr Amit Goel, Adv.
CORAM:
HON'BLE MR. JUSTICE RAJIV SHAKDHER
O R D E R % 13.01.2016
CO.APPL.(M) 7/2016
Page 1 of 3
| Company | No. Of Shareholders |
Consent given |
No. Of secured creditors |
Consent given |
No. Of unsecured creditors |
Consent given |
|---|---|---|---|---|---|---|
| Transferor | 3 | All | Nil | N.A. | 2 | All |
| Company | ||||||
| Transferee Company |
3 | All | Nil | N.A. | Nil | N.A. |
Page 2 of 3
RAJIV SHAKDHER, J
JANUARY 13, 2016 kk CO.APPL.(M) 7/2016 Page 3 of 3
1 issue framed by the court
Whether to dispense with the requirement of convening meetings of shareholders and creditors for a scheme of amalgamation when all have given consent.
1 provisions across 1 enactments
ACE SECURITIES PRIVATE LIMITED
MANI COMPUSOFT PRIVATE LIMITED
RAJIV SHAKDHER
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
