2012 (3) TMI 596

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..... anies Act, 1956 (for short ?Act?) in connection with the Scheme of Amalgamation (for short ?Scheme?) of DOOSAN POWER SYSTEMS INDIA PRIVATE LIMITED (hereinafter referred to as ?Transferor Company?) with DOOSAN CHENNAI WORKS PRIVATE LIMITED (hereinafter referred to as ?Transferee Company?). A copy of the proposed Scheme is filed along with the present Application. 2. The registered office of the Tr .....

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..... inst the Applicant Company as on the date of the present Application. 6. The proposed Scheme has been approved by the Board of Directors of the Transferor and Transferee Companies. Copies of the Resolutions passed in the Board meetings dated 21st February, 2012 and 16th February, 2012 have been filed along with the Application. 7. The status of the Shareholders, Secured and Un-secured Creditors .....

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..... ors constituting 95.83% in number and 99.64% in value of the total creditors have given their written consents/NOC to the Scheme. 12. In view of the aforesaid, as the requirement of Sub-section 2 of Section 391 of the Act is fulfilled, the requirement of convening meeting of the Unsecured Creditors of the Transferor Company is also dispensed with. 13. The Application stands allowed in the afore .....

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