TMI Blog2016 (5) TMI 823X X X X Extracts X X X X X X X X Extracts X X X X ..... de Sunvisors Private Limited (Applicant/Demerged Company) has 24 (Twenty Four) Unsecured Creditors as per the list, certified by the Director of the Company and Ashwani & Company, Chartered Accountants annexed at Annexure P-5 (Colly) and all of them have given their consents to the Scheme, the same are also annexed with the aforesaid Annexure P-5 (Colly). The Sun-N-Shade Sunvisors Private Limited (Applicant/Demerged Company) has only 1 (One) Secured Creditor as per the list, certified by the Director of the Company and Ashwani & Company, Chartered Accountants annexed at Annexure P-6 (Colly) and the said Secured Creditor has given its consent to the Scheme, which is annexed with the aforesaid Annexure P-6 (Colly). The Sun-N-Shade Produ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Dated:- 3-5-2016 - MR. RAKESH KUMAR JAIN, J. For The Petitioner : Mr.Anand Chhibbar, Sr. Advocate, with Mr.Ranjit Chawla, Advocate, RAKESH KUMAR JAIN, J. This petition is filed under Sections 391 to 394 of the Companies Act, 1956 [for short the Act ], duly supported by affidavits of Demerged Company and Resultant Company, seeking dispensation of the convening of meetings of their Equity Shareholders and Creditors for sanctioning of the Scheme of Demerger (Annexure P-14) [for short the Scheme ] vide which Demerged Undertaking of Sun-N-Shade Sunvisors Private Limited shall be demerged into Sun-N-Shade Production Private Limited. The registered office of Sun-N-Shade Sunvisors Private Limited (Applicant/Demerged Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ity Shareholders of the Sun-N-Shade Sunvisors Private Limited (Applicant/Demerged Company) as per the list, certified by the Director of the Company and Ashwani Company, Chartered Accountants annexed at Annexure P-4 (Colly). Out of the three, two Equity Shareholders holding 95.42% of shares have given their consent/NOC to the Scheme, which are also annexed with the aforesaid Annexure P-4 (Colly). The Sun-N-Shade Sunvisors Private Limited (Applicant/Demerged Company) has 24 (Twenty Four) Unsecured Creditors as per the list, certified by the Director of the Company and Ashwani Company, Chartered Accountants annexed at Annexure P-5 (Colly) and all of them have given their consents to the Scheme, the same are also annexed with the afores ..... X X X X Extracts X X X X X X X X Extracts X X X X
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