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2020 (9) TMI 803 - Tri - Companies LawSanction of Scheme of Merger - Sections 230-232, Section 234 of the Companies Act, 2013 - HELD THAT:- Taking into consideration the application and the documents filed herewith, we propose to issue the following directions with respect to calling, convening and holding the meeting of Equity Shareholders, secured and unsecured creditors or dispensing the same which are as follows: i. Considering the Covid-19 situation, the Applicant Company is dispensed from holding physical meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors All the directions are to be complied with strictly in accordance with the applicable law including forms and formats contained in the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 - the present application stands allowed by convening with the meetings of the shareholders and creditors of the Applicant/Transferee Company. ii. With respect to the equity shareholders : Since it is represented by the Applicant Company that there are 14,305 (Fourteen Thousand Three Hundred and Five) Equity Shareholders in the Company as on February 28, 2020, voting shall be conducted through postal ballot and/or e-voting on or before 7th July 2020 iii. With respect to the Secured Creditors : Since it is represented by the Applicant Company that there is 1 (One) Secured Creditor in the Company, vote of such creditor is obtained through postal ballot and/or e-voting on or before 7th July 2020 iv. With respect to the Unsecured Creditors : Since it is represented by the Applicant Company that there are 47 (Forty Seven) Unsecured Creditor in the Company, voting of such creditors are obtained through postal ballot and/or e-voting on or before 7th July 2020
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