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2021 (6) TMI 490 - Tri - Companies LawApproval of scheme of Amalgamation - Section 232 Read with Section 230 and Section 66 of the Companies Act, 2013 - HELD THAT:- Section 230(i) of Companies Act, 2013 contemplates holding of meeting unless 90% of the Creditors gave consent by way of Affidavits to dispense with meetings. In this case, all the equity shareholders, preference shareholders of the Applicant Companies gave their consent by way of affidavits. The unsecured creditors of the first Applicant Company have not given consent by way of Affidavits. Unsecured creditors of the second and third Applicant Companies have given their consent stating no objection to the scheme by way of affidavits. Therefore, the request of the first Applicant Company for conveying meeting of unsecured creditors be convened and held in the manner directed. Application allowed.
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