TMI Blog2016 (1) TMI 1328X X X X Extracts X X X X X X X X Extracts X X X X ..... pany is granted. - Company Application No. 21 of 2016 - - - Dated:- 15-1-2016 - Honourable Smt. Justice Abhilasha Kumari Mr Jaimin Dave For Mrs Swati Soparkar, Advocate for the Applicant. ORDER 1. A Scheme of Arrangement in the nature of Demerger and Transfer of the Hotel Management Undertaking of Haywood Hospitality India Private Limited to Gujarat JHM Hotels Limited and Restru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... form of written consent letters. All these consent letters are annexed with the application as Exhibit' D'. The certificate confirming the status of the Shareholders as well as the receipt of the consent letters from all the Shareholders as well as the receipt of consent letters from all the Shareholders is annexed as Exhibit' E'. In view of the same, dispensation is sought from c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is placed on record, which confirms that the Net worth of the applicant Company, as on 30th September, 2015, was ₹ 42.32 Crores. In the Post Scheme scenario, it shall be approximately ₹ 44.63 Crores. In view of this, it has been submitted that the approval of the creditors of the proposed Scheme of Arrangement is not necessary. 6. It is further submitted that notwithstanding the abo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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