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2015 (5) TMI 1133 - PUNJAB & HARYANA HIGH COURTScheme of Amalgamation - dispensation of the meeting of Equity shareholders and creditors for sanctioning of the Scheme - Held that:- Prayer for dispensation of their meeting is accepted. Since, there is no Secured Creditor of the Petitioner Company/Transferee Company no meeting is required. However, to obtain consents to the Scheme of Amalgamation, deem it appropriate to issue direction to hold the meeting of the Unsecured Creditors who falls in category B & C of the Annexure P-13. The meeting shall be conducted strictly in accordance with law and after due notification/notice to all concerned including public in the "Indian Express (English)" & "Jansatta (Hindi)" both Delhi/NCR Edition and also in the Official Gazette of Government of Haryana and the same shall be published at least 21 days before the date of proposed meeting. Individual notice be sent to the Un-Secured Creditor of the Petitioner Company through Ordinary Post/Speed Post/ Registered Post. The Scheme be put up in the meeting of the Un-Secured Creditors/Petitioner Transferee Company shall be approved/decided by minimum 75% in value and majority in number of the Unsecured Creditors present and voting either in person or through proxy.
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