TMI Blog2008 (2) TMI 635X X X X Extracts X X X X X X X X Extracts X X X X ..... ER 1. This is an application under section 391(1), read with sections 393 and 394 of the Companies Act, 1956 (hereinafter referred to as the Act) by the applicant Aerens Entertainment Zone Limited, seeking directions from the Court for convening, holding and conducting separate meetings of the equity shareholders, secured and unsecured creditors, which are statutorily required for sanctioning the scheme of arrangement for amalgamation of AVM Land Developers Pvt. Ltd. with the applicant/transferee company Aerens Entertainment Zone Limited. 2. The registered office of the applicant/Transferee company is situated at 6th Floor, Mahindra Tower, 2A, Bhikaji Cama Place, New Delhi, that is, within the jurisdiction of this Court. 3. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cribed and paid up share capital of the Transferor company is Rs. 1 lakh divided into 10,000 equity shares of Rs. 10 each. 9. The applicant/Transferee company has 7 equity shareholders. All the equity shareholders of the applicant company have given their consent in writing to the scheme of arrangement for amalgamation, which have been filed on record. Since the consents to the scheme of amalgamation have been filed on behalf of the respective shareholders of the applicant company, therefore, it is just and appropriate to dispense with convening the meeting of the shareholders of the applicant company to consider the scheme of arrangement for amalgamation. 10. The applicant/transferee company has 4 secured creditors. The applicant h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red creditors in all. The applicant has sought the holding of the meeting of its unsecured creditors for considering and if thought fit approving the scheme. Considering the facts and circumstances, the meeting of the unsecured creditors of the Transferor company, Aerens Entertainment Zone Ltd., be held on 21-4-2008 at 2.00 P.M., at 6th Floor, Mahindra Tower, 2A, Bhikaji Cama Place, New Delhi. I appoint Mr. R.D. Jolly, Chamber No. 413, Lawyers Chamber, Delhi High Court, Advocate Mobile No. 9810825970, as the Chairperson and Ms. Madhvi Chopra, Advocate Mobile No. 9899044704, as the Alternate Chairperson for the meeting of the unsecured creditors of the Transferee company. The quorum for the said meeting will be 30 unsecured creditors in numb ..... X X X X Extracts X X X X X X X X Extracts X X X X
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