Allowed
Wipro Trademarks Holding Limited v. Nil
Karnataka HCCA/84/2013
Case brief
AI extract
What is this about?
Single judge order dispensing with the requirement of holding meetings of equity shareholders and creditors for the approval of a Scheme of Arrangement under Section 391 of the Companies Act 1956, based on written no objection letters from all shareholders and creditors.
What did the court decide?
Meeting of shareholders and creditors for the approval of the Scheme of Arrangement is dispensed with. Applicant permitted to file company petition within 45 days.