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2015 (10) TMI 2689 - HC - Companies LawScheme of Arrangement in the nature of Demerger - Held that:- Having heard the learned Advocate for the applicant and having perused the record, it appears to the Court that consent of parent holding company being the only shareholder of the applicant Company has been obtained. In view of the above, the meeting of the shareholders of the applicant company is ordered to be dispensed with. It is further ordered that this being the resulting company, meeting of the creditors is ordered not to be held.
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