2016 (4) TMI 1258

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..... he Investment Business of SPS Share Brokers Private Limited to Khandwala Enterprise Private Limited, is proposed under Sections391 to 394 of the Companies Act, 1956. It has been submitted that the Demerged Company has its registered office in Mumbai and hence the requisite proceedings have been undertaken before the High Court of Judicature, Bombay. 2. The present application is filed by Khandwal .....

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..... ngs of the Equity Shareholders of the Applicant Company. Considering the facts and circumstances and the submissions advanced, the same is, hereby, granted. 5. The attention of the Court is drawn to paragraph16 of the Affidavit in support of the Judges' Summons, whereby it has been submitted that the rights and interests of the Creditors of the Applicant Resulting Company shall not be affecte .....

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..... e loan agreements with the Secured Creditor, the Applicant Company shall obtain the approval from its Secured Creditor and place the same on record before the final sanction of the Scheme by the Court. The Applicant has already approached its Secured Creditor for the said purpose. In light of the above facts and circumstances, the Applicant has sought dispensation from the holding of such meetings .....

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