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2016 (7) TMI 1352 - HC - Companies LawScheme of Amalgamation - dispense with the requirement of convening the meetings of their equity shareholders, preference shareholders, secured and unsecured creditors - Held that:- In view of the submissions made at the bar, the settled law on the subject, and considering the Scheme of Amalgamation, the requirement of convening and holding the meeting of the unsecured creditors of the transferee company, to consider and if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation, is dispensed with. Further, the requirement of the transferee company to file the second motion petition for sanction of the Scheme of Amalgamation is also dispensed with.
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