2021 (1) TMI 519 - NATIONAL COMPANY LAW TRIBUNAL , BENGALURU BENCH - Corporate Laws

Head Note / Extract:
Seeking to amend/modify the order to the effect and extent of directing that the requisite meeting of the Secured Creditor of the Applicant No. 1 / Transferor Company shall he convened and held on 22.02.2020 or any such date with adequate opportunity for the Applicant Companies to adhere to the statutory timelines prescribed for sending as well as advertising notice of the said meeting - Section 230-232 & 420 of the Companies Act, 2013 r/ w Rules 11 & 154 of the NCLT Rules, 2016 - HELD THAT:- Application is disposed of with following directions by modifying order dated 03.12.2020 passed in the case: (1) A Meeting of Secured Creditor of the Applicant Company No. 1/ Transferor Company is directed to be convened and held on 22nd February 2021, for the purpose of considering the proposed Scheme of Amalgamation. (2) The Quorum for the meeting of the Secured Creditor of the Applicant No. 1 /Transferor Company shall be 1 (one). (3) The Order dated 03.12.2020 passed in CA (CAA) No.44/BB/2020 stands modified to the extent above and other directions given in the said order shall remain unchanged. This order will form part and parcel of the order dated 03.12.2020 passed in CA (CAA) No.44/BB/2020.