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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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