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2007 (9) TMI 412 - HC - Companies LawAmalgamation - Held that:- As no proceedings under sections 235 to 251 of the Companies Act, 1956, are pending against the transferor and the transferee-companies. Considering the facts and circumstances, convening and holding of the meeting of the equity shareholders of the transferor-company/secured creditors of the transferor-company / unsecured creditors of the transferor-company/ secured creditors and unsecured creditors of transferee company for consideration and approval of the scheme of amalgamation is dispensed with. Thus the application is allowed in terms hereof.
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