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2016 (1) TMI 1314 - HC - Companies LawScheme of Amalgamation - Held that:- Given the fact that all shareholders and creditors (i.e. the unsecured creditors) of the transferor company have given their consent and/or No Objection (NOC) to the proposed scheme, there shall be no requirement to convene meetings qua them. Accordingly, given the fact that the transferor company is a 100% subsidiary of the transferee company, the requirement to convene meetings of shareholders and creditors can be dispensed with. It is ordered accordingly.
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