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2016 (4) TMI 1256 - HC - Companies LawComposite Scheme of Arrangement in the nature of Demerger - Held that:- As submitted that all the Equity Shareholders and Unsecured Creditors of the Applicant Company, as on date, have approved the Scheme in the form of written consent letters. All these consent letters are annexed with the Application as Exhibits‘ D’ and ‘E’ respectively. It has been submitted that there are no Secured Creditors. The certificates confirming the status of the Shareholders and Creditors as well as the receipt of consent letters from all the Shareholders and Unsecured Creditors are annexed collectively as Exhibit‘ F’. In view of the same, dispensation is sought from convening the meetings of the Equity Shareholders and Unsecured Creditors of the Applicant Company. Considering all the same is, hereby, granted.
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