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2015 (8) TMI 237 - HC - Companies LawScheme of Amalgamation - Dispensing convening of meetings of equity shareholders and unsecured creditors to consider and approve, proposed Scheme of Amalgamation under Sections 391 and 394 Companies Act, 1956 read with Rules 6 & 9 of Companies (Court) Rules, 1959 – Held that:- board of directors of transferor and transferee companies in their separate meetings unanimously approved proposed Scheme of Amalgamation – Equity shareholders and unsecured creditors of transferor company no. 1, 2, 3, 4, 5, 6 &7 and transferor company have given their consents/no objections in writing to proposed Scheme of Amalgamation and were found in order – Application stands allowed – Decided in favour of Applicants.
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