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2015 (1) TMI 1353 - HC - Companies LawScheme of amalgamation - dispensation of the convening of meetings of the Equity Shareholders, secured and unsecured creditors of the petitioner companies - Held that:- As 100% of equity shareholders and unsecured creditors of the the petitioner companies have given their consent to the Scheme of Amalgamation, hence, the prayer is for dispensation of their meetings. The petitioner companies have confirmed that there are no investigations or proceedings pending against it under Sections 235 to 251 of the Act. In this view of the aforesaid factual matrix, when all the equity share holders and unsecured creditors of the petitioner companies have consented to the Scheme of Amalgamation, convening of their meetings are ordered to be dispensed with. There is no secured creditor of the Petitioner companies, hence, no meeting is required.
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