2020 (12) TMI 841

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..... esident And Hemant Kumar Sarangi, Member (T) For the Appellant : Umesh Singhal, Advocate ORDER B.S.V. Prakash Kumar, Actg. President 1. This Company Petition has been jointly filed by the Petitioner Companies, under Section 230-232 of The Companies Act, 2013, read with Rule 15 and 16 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, in relation to the Scheme of Arrang .....

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..... hority or Person, as the Hon'ble Tribunal may deem fit and proper. iv. appropriate orders or directions of the Hon'ble Tribunal to sanction the Compromise and Arrangement as per the Scheme of Amalgamation as approved by the Equity Shareholders and Unsecured Creditors of Petitioner 1, 2, 3 and 4 in their respective convened meetings, and same shall be binding on the Applicant Companies an .....

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..... into consideration the submissions made and documents placed on record, it is hereby ordered as follows: i. Notice of the hearing shall be advertised in the English Daily, newspapers namely, "The Statesman" (English, Delhi edition) and "Veer Arjun" in Vernacular (Hindi, Delhi Edition) not less than 10 days before the aforesaid date fixed for hearing. ii. In addition to the public notice, each o .....

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..... her, notice shall also be served to Objector(s) or to their representative, if any, as contemplated under Sub-Section (4) of Section 230 of the Act who may have made representation and who have desired to be heard in their representation along with a copy of the Petition and the Annexure filed therewith at least 15 days before the date fixed for hearing. iv. All the Petitioners shall, at least 7 .....

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..... to sub section (7) of Section 230, as may be applicable under the circumstances on or before the date fixed for hearing by filing the certificate of Statutory auditors of the Petitioner Companies. vii. The next date of hearing of the Petition shall be on 26.10.2020 for consideration of approval of the Scheme as contemplated between the Petitioner Companies.
Case laws, Decisions, Judgements, O .....

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