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2012 (12) TMI 858 - DELHI HIGH COURTScheme of Amalgamation - Held that:- The proposed Scheme has been approved by the Board of Directors of all the Applicant Companies with no proceedings under Section 235 to 251 of Companies Act, 1956 pending against any of the Applicant Companies as on the date of the present Application. In view of the written consents/NOC given, the requirement of convening meetings of Shareholders and secured and unsecured creditors of the Transferor Companies and the Transferee Company are dispensed with - shareholders of the transferor companies and transferee company have also given their consents - scheme of arrangement allowed.
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