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2016 (4) TMI 1248 - HC - Companies LawApproval of the scheme of amalgamation and arrangement - Held that:- The scheme has been approved by the respective Board of Directors (BOD) of the applicants. Copies of the BOD resolutions of even date i.e. 15.01.2016 have been filed. The applicants aver that there that there are no proceedings pending against them, under Sections 235 to 251 of the Act. Dispense with the requirement of convening the meetings of the shareholders of the applicants as also the creditors (ie. secured and unsecured) of the transferee company and transferor company need to be adhered to.
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