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2012 (11) TMI 608 - HC - Companies LawScheme of Arrangement - Held that:- As there are 23 secured & 509 unsecured creditors of the transferor company their consent have not been obtained, thus a meeting is required to be held & in the case the Transferee Company have no secured creditors & there are 10 shareholders whose consent has also not been obtained. The aforenoted separate meetings of secured creditors and unsecured creditors of the Transferor Company and shareholders and unsecured creditors of the Transferee Company shall be held at Executive Club, 439, Village Shahoorpur, PO Fatehpur Beri, New Delhi 110074 will be held on 01.12.2012, Thursday as headed by the appointed Chairperson & Alternate Chairperson - if the Quorum is not present in the meetings, the meetings would be adjourned for 30 minutes and thereafter, the persons present in the meetings would be treated as proper quorum & for the purpose of computing the quorum the valid proxies shall also be considered. Both the Companies will publish advance notice of the aforesaid proposed meetings in “Business Standard” (English Delhi Edition) and “Dainik Bhaskar” (Hindi Delhi Edition) minimum 21 days in advance before the Scheduled date of meeting & Individual notice too to be sent by ordinary post minimum 21 days in advance - The Chairpersons/Alternate Chairpersons shall file their reports within two weeks of the conclusion of the respective meetings.
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