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2016 (3) TMI 1382 - HC - Companies LawApart from unsecured creditors of transferor company no.2 meetings of all classes of persons / entities were dispensed with - The learned counsel for the petitioners further states that in so far as the meeting of the unsecured creditors of transfer company no.2 is concerned the report of the Chairperson would show that 77.48% (in value) of the total unsecured creditors attended the meeting and cast their votes in favour of the proposed scheme. HELD THAT - Ms. Mudiam who appears for the Regional Director and Mr. Rajpal Singh who appears for the Official Liquidator says that they have no objection to the scheme being sanctioned.
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