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2012 (12) TMI 835 - DELHI HIGH COURTScheme of Amalgamation - Held that:- No proceedings under sections 235 and 251 of the Companies Act, 1956 are pending against any of the Applicant Company as on date of the present Application & the scheme has been approved by the Board of Directors of the Applicant Companies. In view of the written consent / NOC given, the requirement of convening meetings of Shareholders, Unsecured Creditors of Applicant Company nos. 1, 3 & 4 & Five Secured Creditors, holding 99.99% of total debts of Secured of Applicant Company no. 5 / the Transferee Company is dispensed with. Direct the meeting of Un- Secured Creditors of Applicant Company no. 5 / Transferee Company on 09.02.2012 (Saturday) at 10.30 a.m & Unsecured Creditors of Applicant Company no. 2 / Transferor Company no. 2 shall be held on 09.02.2013 (Saturday) at 1.30 Noon at Sri Sathya Sai International Auditorium, Bheeshm Pitahmah Marg, Pragati Vihar, Near Nehru Stadium, New Delhi -110003 to be headed by appointed Chairperson and the Alternate Chairperson - direction to publish advance notice of aforesaid meetings in defined newspapers & Individual notices minimum 21 days in advance. If the quorum is not present in the meeting, the meeting would be adjourned for 30 minutes and the persons present in the meeting would be treated as proper quorum - Voting and proxy is permitted as filed with the companies at their registered offices, not later than 48 hours before the said meeting. The Chairmen / Alternate Chairmen shall file their reports within 2 weeks of the conclusion of the meeting.
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