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2021 (8) TMI 1195 - NATIONAL COMPANY LAW TRIBUNAL , BENGALURU BENCHSanction of scheme of Arrangement - seeking to dispense with the meetings of the Equity Shareholders, Secured and Unsecured Creditors of the Applicant Companies - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- The Companies have 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. Various directions with regard to holding, convening and dispensation with various meetings issued - directions with regard to issuance of various notices issued - the scheme is approved - application allowed.
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