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2021 (4) TMI 763 - Tri - Companies LawScheme of Amalgamation and Merger - seeking to dispense with the meeting of Equity Shareholders of the Applicant Companies - seeking to dispense or direct the Company to conduct the meeting of Secured and Unsecured Creditors of the Applicant Companies - HELD THAT:- The Companies has followed extant provisions of Companies Act in framing the Scheme in question, which are duly approved by the Board of Directors of the Companies involved. The Statutory Auditors/Chartered Accountants of the Companies have also issued respective Certificates by inter-alia certifying the details of shareholders, creditors, and compliance of accounting treatment as prescribed U/s 133 of the Companies Act, 2013 with reference to the Scheme in question. The Applicant Companies have disclosed all the material facts relating to the Scheme in question and filed necessary documents along with the Application. Relief granted as sought for, by dispensing with the meeting of Equity Shareholders and Secured Creditors of the Applicant Companies and to Convene the meeting of the Unsecured Creditors of the Applicant Companies by appointing the Chairperson and Scrutinizer for convening the meeting, fixing venue, time, quorum etc. - Application allowed.
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