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2016 (3) TMI 1250 - DELHI HIGH COURTApproval of the scheme of amalgamation - Held that:- The scheme has been approved by the Board of Directors (BOD) of the applicants. Copies of the BOD resolution of even date i.e. 11.01.2016 have been filed. The applicants aver that there that there are no proceedings pending against them, under Sections 235 to 251 of the Act. Consents have been obtained from the shareholders of the applicants. Consents obtained from the shareholders of the applicants, unsecured creditors of the transferor companies and of the unsecured creditors of the transferor companies and requirement to convene their meetings also dispensed with.
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