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2015 (8) TMI 484 - HC - Companies LawScheme of Amalgamation - Dispensing convening of meetings of equity and preference shareholders, secured and unsecured creditors to consider and approve, proposed Scheme of Amalgamation under Sections 390 and 391 Companies Act, 1956 read with Rules 6 & 9 of the Companies (Court) Rules, 1959 – Held that:- board of directors of transferor companies no. 1 & 2 and transferee company in their separate meetings respectively unanimously approved proposed Scheme of Amalgamation – Equity shareholders and debenture holder of transferor company no. 1 & 2 and transferor company have given their consents/no objections in writing to proposed Scheme of Amalgamation and were found in order – Direction issued to Transferor company no.1 having 01 secured and 107 unsecured creditors, transferor company no.2 having 10 unsecured creditors and transferee company having 252 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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