TMI Blog2012 (10) TMI 168X X X X Extracts X X X X X X X X Extracts X X X X ..... nd the Transferor and the Transferee Company are directed to publish notice of the aforesaid proposed meetings in ‘Financial Express’ (English, Delhi edition) and ‘Jan Satta’ (Hindi, Delhi Edition) minimum twenty-one days in advance before the scheduled date of meetings - Voting by proxy is permitted & if the Quorum is not present in the meetings, the meetings would be adjourned for thirty minutes and the persons present in the meetings would be treated as proper Quorum. Chairpersons/ Alternate Chairpersons shall file their reports within two weeks of the conclusion of the meetings. - C.A (M) No.155/2012 - - - Dated:- 24-9-2012 - MS. INDERMEET KAUR J. Applicants Through: Mr. D. Bhattacharyya, Advocate with Mr. Piyush Sharma and Ms. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The status of the Shareholders, Secured and Un-Secured Creditors of the Transferor and Transferee Companies and the consents obtained from them for the proposed Scheme is clearly apparent from the chart given in the Application which is as follows: Company No. of Shareholder Consent Given % No. of Secured Creditors Consent Given % No. of Unsecured Creditors Consent Given % Transferor Company (Wholly owned subsidiary of Transferee Company) All Nil N/A 8 Nil Transferee Company 2 All 1 Nil 140 Nil 8. A prayer has been made for dispensation of the requirement of convening meeting of Shareholders ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yed Burhanur Rahman, Advocate, Cell No.9990628150 is appointed as the Alternate Chairperson for the meeting of the Secured Creditors of the Transferee Company. They shall be paid a fee of Rs.50,000/- each. Ms. Anita Joshi, Official of this Court, Cell No.9871140535 and Mr. Maan Singh, Cell No.9968505240 shall provide secretarial assistance to the Chairperson and the Alternate Chairperson. They shall be paid a fee of Rs.10,000/- each for this purpose. 16. Mr. Juvraj Singh Bindra, Advocate Cell No.9927822210 is appointed as the Chairperson and Mr. Yashpal, Officer of this Court, Cell No.9910390955 is appointed as the Alternate Chairperson for the meeting of the Unsecured Creditors of the Transferee Company. They would be paid a fee of Rs.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... would be treated as proper Quorum. 21. It is also directed that in the event, the original consent/no- objection of the secured creditors of the Transferee Company is produced before the Chairperson/Alternate Chairperson, the meeting shall be deemed to have proper quorum even if no authorized representative of the Bank/secured creditor is present in person. 21. Voting by proxy is permitted provided that the proxy in the prescribed form and duly signed by the person entitled to attend and vote in the aforesaid meetings or by his authorized representative, is filed with the Company at its registered office, not later than forty-eight hours before the said meetings. 22. The Chairpersons/ Alternate Chairpersons shall file their reports ..... X X X X Extracts X X X X X X X X Extracts X X X X
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