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2017 (1) TMI 909 - HC - Companies LawScheme of Amalgamation - Held that:- The requirement of convening the meeting of the equity shareholders of the Transferor Company/Applicant to consider and, if thought fit, approve with or without modification, the proposed scheme is dispensed with. Since there are no secured creditors of the Transferor Company/Applicant; therefore the question of dispensing with the requirement of convening a meeting of secured creditors thereof does not arise. The Transferor Company/Applicant has 01 unsecured creditor. The sole unsecured creditor has given its written consent/NOC to the proposed scheme. The said written consent/NOC has been placed on record. The same has been examined and found in order. In view of the foregoing, the requirement of convening the meeting of the unsecured creditor of the Transferor Company/Applicant to consider and, if thought fit, approve with or without modification, the proposed scheme is dispensed with.Further, a prayer has also been sought in the present application, seeking dispensation of the requirement of publishing the notices for meetings in newspapers.
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