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2015 (8) TMI 188 - HC - Companies LawScheme of Amalgamation - Dispensing convening meetings of equity and preference shareholders, secured and unsecured creditors to consider and approve, proposed Scheme of Amalgamation under Sections 391 and 394 of Companies Act, 1956 read with Rules 6 & 9 of Companies (Court) Rules, 1959 – Held that:- board of directors of transferor companies no. 1, 2, 3, 4, 5, 6 & 7 and transferee company in their separate meetings respectively unanimously approved proposed Scheme of Amalgamation – Equity shareholders, secured creditors and unsecured creditors of transferor company no. 1,3,4,5,6 & 7 have given their consents/no objections in writing to proposed Scheme of Amalgamation and were found in order – Direction issued to Transferor company no.2 having 366 unsecured creditors, to hold their meeting to seek their approval to proposed Scheme of Amalgamation – Application stands allowed – Decided in favour of Applicants.
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