TMI Blog2016 (1) TMI 1327X X X X Extracts X X X X X X X X Extracts X X X X ..... ame is hereby granted. - Company Application No. 20 of 2016 - - - Dated:- 15-1-2016 - Honourable Smt. Justice Abhilasha Kumari Mr. Bandish Soparkar, Advocate For Mrs Swati Soparkar, Advocate for the Applicant. ORAL 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, have approved the Scheme in form of written consent letters. All these consent letters are annexed with the Application as Exhibit D and E . It is submitted that there are no Secured Creditors of the Applicant Company. The certificates confirming the status of the Shareholders and Creditors as well as the receipt of consent letters from all the Shareholders and Unsecured Creditors are annexe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... either diminution of liability in respect of unpaid share capital or payment to any shareholder of any paidup share capital and the order of the Court sanctioning the Scheme shall be deemed to be an order under Section 102 of the Companies Act, 1956 confirming the reduction. It is further submitted that the approval granted to the present Scheme by the Equity Shareholders of the Applicant Company, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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