2011 (3) TMI 1722

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... present application is filed for dispensation of the meetings of equity shareholders, unsecured lenders and unsecured creditors as required under section 391(1) of the Companies Act, 1956, pursuant to the obtaining the individual consent letters of the members of the above classes waiving their right to attend the respective meetings. The members of the above classes have approved the scheme and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... iting for waiver of right to attend the meeting, the learned advocate for the applicant prayed for necessary direction for convening and holding of the meeting of the secured creditor of the applicant [transferee company]. The learned advocate for the applicant has submitted that, as principally all seven secured creditors have given their consent but as necessary consent terms as required for wai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... for the meeting of the secured creditor shall be two in number. The notice for the meeting shall be served by hand delivery to all the secured creditors. The Chairman shall report to this Court the outcome of the meeting within 15 days of the conclusion of the meeting of the secured creditors. This application stands disposed of with the above directions.
Case laws, Decisions, Judgements, Or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X