Disposed
M/s. Simhadri Power Limited. v. -
Telangana HCCOMPA/904/2014
Case brief
AI extract
What is this about?
The applicant filed a company application seeking directions for publishing a notice and appointing chairpersons to convene meetings of equity shareholders, secured creditors, and unsecured creditors to consider a proposed amalgamation scheme. The court relied on reports from appointed chairpersons who confirmed that meetings were held with majorities voting in favor. The application was disposed
What did the court decide?
Permission granted to the applicant to file a Company Petition for sanction of the proposed scheme of amalgamation.