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2015 (8) TMI 1421 - HC - Companies LawScheme of arrangement in the nature of amalgamation - dispensation sought from convening the meetings of the equity shareholders of the applicant company - Held that:- As submitted that all the applicant transferor company is a wholly owned subsidiary of the transferee company and all the equity shareholders of the applicant company viz. The holding company and its nominees have approved the scheme in the form of written consent letters. All these consent letters are annexed with this application respectively as Exhibit-'D’. There are no secured or unsecured creditors of the applicant company as on date. The certificates confirming the status of the shareholders and creditors as well as the receipt of consent letters from all the shareholders are annexed collectively as Exhibit-'E’. In view of the same, dispensation is sought from convening the meetings of the equity shareholders of the applicant company, and considering the facts and circumstances and the submissions, the same is hereby granted.
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