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2021 (9) TMI 9 - Tri - Companies LawSanction of Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 - HELD THAT:- The applicants having already filed the consent letters from the respective secured creditors under their respective official letter heads had failed to comply with the required provisions of Section 230(9) of the Companies Act 2013 which states that the Tribunal may dispense with calling of a meeting of creditor or class of creditors where such creditors or class of creditors, having at least ninety per cent value, agree and confirm, by way of affidavit, to the scheme of compromise or arrangement. The scheme is approved - application allowed.
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