Allowed

Schneider Electric It Businees India Private Ltd. v. Nill

Karnataka HC4 Apr 2014CA/673/2014

Case brief

AI extract

What is this about?

The Court allowed applications filed under Rules 6 and 9 of the Companies (Court) Rules, 1959. The quorum for the unsecured creditors' meeting convened on 9.4.2014 was fixed at seven creditors to be present in person or through proxy based on valid reasons.

What did the court decide?

The quorum for the unsecured creditors' meeting is fixed as seven (7) creditors, to be present in person or through proxy.

Schneider Electric It Businees India Private Ltd. Vs… — Company and Corporate | Karnataka HC (2014)

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IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 04^TH DAY OF APRIL, 2014 BEFORE:

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THE HONOURABLE MR. JUSTICE ANAND BYRAREDDY

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COMPANY APPLICATION No.673 OF 2014

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COMPANY APPLICATION No.247 OF 2014

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CONNECTED WITH

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COMPANY APPLICATION No.674 OF 2014

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COMPANY APPLICATION No.248 OF 2014

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IN C.A.No.673/2014

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BETWEEN:

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Schneider Electric IT Business India Private Limited, a Company Incorporated under the Companies Act, 1956, having its registered office at Sy.No.187/3 and 188/3, Jigani Industrial Area, Jigani, Bangalore, Karnataka – 562 106.

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… APPLICANT

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(By Smt. Gangabai, Advocate for VGB Associates, Advocates)

AND:

Nil.

…RESPONDENT

This Company Application is filed under Rules 6 and 9 of the Companies (Court) Rule 1959, praying to fix the quorum in respect of the unsecured creditors’ meeting that has been directed by the court to be convened on 9.4.2014 as 7 (seven) for the reasons stated therein.

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IN C.A.No.674/2014

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BETWEEN:

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Uniflair India Private Limited, A Company incorporated under the Companies Act, 1956, having its registered office at Sy.No.187/3 and 188/3, Jigani Industrial Area, Jigani, Bangalore, Karnataka – 562 106.

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… APPLICANT

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(By Smt. Gangabai, Advocate for VGB Associates, Advocates)

AND:

Nil.

…RESPONDENT

This Company Application is filed under Rules 6 and 9 of the Companies (Court) Rule 1959, praying to fix the quorum in respect of the unsecured creditors’ meeting that has been directed

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by the court to be convened on 9.4.2014 as 7 (seven) for the reasons stated therein.

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These Company Applications coming on for Orders this day, the Court made the following: -

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O R D E R

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The present applications are filed seeking that there be a

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quorum fixed for the meetings directed to be held on 9.4.2014, in

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respect of the unsecured creditors.

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Therefore, the quorum for the unsecured creditors is fixed

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as seven (7) creditors, to be present in person or through proxy.

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The applications are allowed accordingly.

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Sd/-

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JUDGE

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Schneider Electric It Businees India Private Ltd. v. Nill

Case brief

What is this about?

What did the court decide?

Schneider Electric It Businees India Private Ltd. v. Nill

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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