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2022 (10) TMI 1014 - Tri - Companies LawSanction of Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 - HELD THAT:- Perusing the records, documents annexed to the application and consent affidavits filed on behalf of the shareholders of the Transferor Companies and the Transferee Company to approve the proposed Company Scheme in the instant proceedings, the requirement of convening and holding of meetings of the equity shareholders of the applicant Companies is dispensed with. In view of the fact that there are NIL Creditors in the Transferor Companies, and the consent affidavit on behalf of the creditors of the Transferee Company, the requirement of convening and holding separate meeting of the Creditors of the Applicant Companies is also dispensed with. The present Company Application deserves to be allowed - the scheme is approved - application allowed.
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