respect to the Resulting Company, it is argued by learned counsel for petitioners that a meeting of members and unsecured creditors may not be necessary in view of the unequivocal and irrevocable consent given by them. Though, this Court was initially not inclined to order dispensing with their meetings, however, the learned counsel for the petitioner has placed reliance upon orders of this Court in Company Application Nos.369, 370 and 371 of 2011, dated 01.04.2011, wherein in a similar circumstance relating to 35 shareholders of transferee company having given No Objection affidavits and unconditionally having agreed to the Scheme, meeting of the said shareholders was dispensed with by this Court. Similarly, in Company Application No.716, similar request with regard to 26 shareholders of the applicant company was accepted by this Court vide orders, dated 29.06.2012. Following the same, therefore, the meeting of the shareholders and the unsecured creditors in the present case is not necessary to be held and is, accordingly, dispensed with. Petitioners shall however produce written consent of secured creditors at the filing of petitions for approval of scheme.
