Disposed
In the Matter of Ansal Infrastucture Developers Limitd & Ors. v. ....
Delhi HCCO.APPL.(M)/36/2016
Case brief
AI extract
What is this about?
The High Court of Delhi, in a joint first motion application, disposed of the application filed by ten transferor companies and one transferee company seeking approval for a scheme of amalgamation under sections 391 and 394 of the Companies Act, 1956. The court directed dispensation with convening meetings of shareholders and unsecured creditors, noting unanimous consent had been obtained and no s
What did the court decide?
The prayer for dispensing with the requirement of convening meetings of the shareholders and unsecured creditors was dispensed with. The joint application stood disposed of in these terms.