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2016 (7) TMI 1353 - RAJASTHAN HIGH COURTScheme of amalgamation - seeking dispensing with the separate meetings of equity share holders and unsecured creditors of applicant companies for approving the scheme of amalgamation of transferor companies [Fine Mining (Granite) Private Limited] and [Ridhi Sidhi Chem Private Limited] with the transferee company (Property Ventures (India) Private Limited) - Held that:- Considering the material on record especially the consent letters of shareholders and unsecured creditors of transferor/ transferee companies and certificates issued by the Chartered Accountant as also the proposed scheme of amalgamation, this court considers it appropriate to dispense with the meetings of the shareholders and unsecured creditors of the applicants transferor companies [Fine Mining (Granite) Private Limited] and [Ridhi Sidhi Chem Private Limited] and of shareholders of the transferee company (Property Ventures (India) Private Limited). Instant application stands allowed. Consequently, holding of meetings of shareholders and unsecured creditors of applicants transferor companies [Fine Mining (Granite) Private Limited] and [Ridhi Sidhi Chem Private Limited] and of shareholders of the transferee company (Property Ventures (India) Private Limited) are dispensed with.
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