9911796707
TMI Blog2015 (1) TMI 1353X X X X Extracts X X X X X X X X Extracts X X X X ..... sh Bindal, J. The prayer in the present petition filed under Sections 391 / 394 of the Companies Act, 1956 (for short, 'the Act'), duly supported by affidavits, is for dispensation of the convening of meetings of the Equity Shareholders, secured and unsecured creditors of the petitioner companies and for approving the Scheme of Amalgamation (Annexure P-1) wherein it is proposed to merge A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... apital 13,00,500 Equity shares of Rs. 10 each 1,30,05,000/- It has been stated in the petition that after 28.11.2014, there has been no change in the issued, subscribed and paid up share capital of petitioner company no. 1. The authorised, issued, subscribed and paid up share capital of the petitioner company no. 2/ Amalgamating company, was as under:- Particulars Amount in Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no change in the issued, subscribed and paid up share capital of petitioner company no. 3. As has been stated that the equity shares of the petitioner companies are not listed on any stock exchange. The petitioner company no. 1 has 7 equity shareholders (Annexure P-11) and all of them have given their letters of consent vide affidavits Annexures P-12 (colly). Petitioner company no. 1 does not h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct from M/s VSD & Associates, Chartered Accountants and affidavit of the authorised signatory of petitioner company no. 2 are annexed as Annexure P-21 (colly). There is only one unsecured creditor of petitioner company no. 2, who has also given its consent to the Scheme (Annexures P-22 (Colly). A certificate to that effect from M/s VSD & Associates, Chartered Accountants and affidavit of the autho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... editors of the the petitioner companies have given their consent to the Scheme of Amalgamation, hence, the prayer is for dispensation of their meetings. The petitioner companies have confirmed that there are no investigations or proceedings pending against it under Sections 235 to 251 of the Act. In this view of the aforesaid factual matrix, when all the equity share holders and unsecured credit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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