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2022 (2) TMI 99 - NATIONAL COMPANY LAW TRIBUNAL , NEW DELHI BENCHSanction of proposed Scheme of Arrangement - Section 232 read with 230 of the Companies Act, 2013 and Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and other applicable provisions - HELD THAT:- Since shareholders of all the companies have given their consent for dispensation of convening the meeting, hence the convening the meeting of shareholders is dispensed with and by exercising powers under Section 230(9) of the Companies Act, 2013, the requirement of convening the meeting of Secured Creditors and Unsecured Creditors of the five Transferor Companies and of the Transferee Company also dispensed with. The scheme is approved - application allowed.
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