TMI Blog2019 (8) TMI 1555X X X X Extracts X X X X X X X X Extracts X X X X ..... al emergency and was unavailable to sign the joint petition. On above situation, the Transferee Company had to get the signature of one of the other Director of the Company who was not easily accessible and the same caused a delay of one day, filing the Petition on 03.07.2019, where the due date as per the Rule wa.s on 02.07.2019 The application is allowed by condoning the delay in filing the m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idiary of Transferee Company and a Scheme was proposed to amalgamate the Transferor Company with Transferee Company. The Scheme was approved by the Board of Directors at their respective Board Meeting held on 28.12.2018. b. On hearing, the Adjudicating Authority on 03.05.2019 issued an order to dispense with the meetings of shareholders and secured creditors and directed to convene a meeting of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... situation, the Transferee Company had to get the signature of one of the other Director of the Company who was not easily accessible and the same caused a delay of one day, filing the Petition on 03.07.2019, where the due date as per the Rule wa.s on 02.07.2019. 3. Heard Shri Thirupal Gorige, learned PCS for the Applicants. We have carefully perused the pleadings of the party and extant provis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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