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2016 (1) TMI 1319 - DELHI HIGH COURTScheme of Amalgamation - Held that:- No proceedings under Section 235 to 251 of the Act are pending against any of the applicants as on date. The proposed scheme has been approved by the respective Board of Directors (BOD) of applicants. The copies of the BOD resolution of the applicants of even dated 16.11.2015 have been filed. Given the fact that all shareholders and creditors (i.e. the unsecured creditors) of the applicants have given their consent and/or No Objection (NOC) to the proposed scheme, there shall be no requirement to convene their meetings. Scheme allowed.
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