9911796707
TMI Blog2016 (4) TMI 1263X X X X Extracts X X X X X X X X Extracts X X X X ..... rties Private Limited, the Applicant Transferee Company, for appropriate orders for dispensing with the meeting of the Equity Shareholders, Secured and Unsecured Creditors of the Applicant Transferee Company and for considering the Scheme of Arrangement, as annexed at Annexure " S" to the Application. 2. The affidavit filed in support of the Judges' Summons by Mr.Abhilash Menon, authorized signat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Chartered Accountant is annexed at "Annexure - U" certifying the list of Equity Shareholders. 4. It is further submitted by Ms. Raval that convening and holding the meeting of the Secured Creditors of the Applicant Transferee Company for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement be dispensed with, in view of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arge the liabilities. It is further submitted that all the creditors of the Applicant Company will be paid off in the ordinary course of business. Under the Scheme, no sacrifice is called for from the creditors and no compromise is offered to any of the Creditors and neither is any liability of the Creditors under the Scheme being reduced or extinguished. A Certificate by the Chartered Accountant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is dispensed with in view of the fact that there are no Secured Creditors. c. The meeting of the Unsecured Creditors of the Applicant Transferee Company is dispensed with, in view of the fact that the rights and interest of the Unsecured Creditors is not affected by the proposed Scheme of Arrangement and no compromise or arrangement is offered to the Unsecured Creditors. d. Separate procedure ..... X X X X Extracts X X X X X X X X Extracts X X X X
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