TMI Blog2015 (12) TMI 1705X X X X Extracts X X X X X X X X Extracts X X X X ..... this view of the aforesaid factual matrix, when all the equity shareholders, secured and unsecured creditors of both the companies have consented to the Scheme of Amalgamation, convening of their meetings are ordered to be dispensed with. - CP No. 207 of 2015 (O&M) - - - Dated:- 1-12-2015 - Hon'ble Mr. Justice Rajesh Bindal Mr. Anand Chhibbar, Senior Advocate with Mr. Gaurav Mankotia, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at Annexure P-1 and P-7, respectively. The Board of Directors of the Petitioner Transferor company and Petitioner Transferee Company have approved the said Scheme in their meetings held on 3.10.2015/ 8.10.2015 (Annexure P-3) and (Annexure P-9), respectively. The authorised share capital of the Petitioner Transferor Company as on 30.9.2015 was ₹ 6,40,00,000/- divided into 64,00,000 equi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ror Company has 28 unsecured creditors. All of them have given consent to the Scheme of Amalgamation. The list and copy of the certificate issued by Naresh Jai Associates, Chartered Accountant, is annexed as Annexure P-5 (colly). The Petitioner Transferor Company has one (1) secured Creditor. No objection to the Scheme of Amalgamation given by the secured creditor is annexed as Annexure P-6 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o investigations or proceedings pending against them under Sections 235 to 251, 397 and 398 of the Act. It was submitted that the proposed Scheme of Amalgamation is for the benefit of both the companies and their shareholders. The proposed scheme will not adversely affect the rights of any of the creditors of the petitioner companies in any manner whatsoever. In this view of the aforesaid fa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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