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2019 (9) TMI 1515 - Tri - Companies LawSanction of scheme of Amalgamation - seeking various directions regarding holding and convening of various meetings - section 230-232 of Companies Act - HELD THAT:- Both the Transferor Companies are wholly owned subsidiaries of the Applicant Transferee Company and as no compromise is offered by the Applicant Transferee Company under the Scheme of Amalgamation to the creditors and considering the fact that the net worth of the Companies including the Applicant Transferee Company is positive, it is deemed appropriate to order that meetings of the Secured Creditors ( including secured debenture holders) and Unsecured Creditors (including unsecured debenture holders) of the Applicant Transferee Company are not required to be held and are hereby dispensed with. Various direction regarding issuance of various meetings issued - application disposed off.
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