TMI Blog2021 (1) TMI 519X X X X Extracts X X X X X X X X Extracts X X X X ..... (1) A Meeting of Secured Creditor of the Applicant Company No. 1/ Transferor Company is directed to be convened and held on 22nd February 2021, for the purpose of considering the proposed Scheme of Amalgamation. (2) The Quorum for the meeting of the Secured Creditor of the Applicant No. 1 /Transferor Company shall be 1 (one). (3) The Order dated 03.12.2020 passed in CA (CAA) No.44/BB/2020 stands modified to the extent above and other directions given in the said order shall remain unchanged. This order will form part and parcel of the order dated 03.12.2020 passed in CA (CAA) No.44/BB/2020. - I.A. No. 530 of 2020 in C.A. (CAA) No. 44/BB/2020 - - - Dated:- 4-1-2021 - Shri Rajeswara Rao Vittanala, Member (Judicial) and Shri Ashuto ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es and directed the requisite meeting of the Secured Creditor of the Applicant Company No. 1/ Transferor Company must be convened and held on 07.01.2021 at 11.am., at No.5/ 19, S.R.T/Cunningham Road, Bengaluru, Karnataka 560052 by appointing Mr. K. Rammurthy appointing as a Chairperson and Mr. Pramod. S as the Scrutinizer; with a quorum of 2 Secured Creditors and with the notice of the meeting published in the Hindu and Udayavani newspapers. 2) It is stated that the Applicant Companies were able to secure a softcopy/ electronic version of the said order dated 03.12.2020 only on 10.12.2020 and a physical copy on 11.12.2020, hence the Applicant Companies were unable to send notice of the said meeting to the Secured Creditor of the Appl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... editor viz., PNB Housing Finance Limited. In this regard, the Applicant Companies immediately sought clarifications from the Chairperson, who indicated to seek appropriate modification of the said order. Hence the Application. 3. Heard Mr. Abhinay, Learned Counsel for the Applicant Companies through Video Conference . We have carefully perused the pleadings of the party and extant provisions of the Companies Act, and the Rules made thereunder. 4. Mr. Abhinay, while reiterating various averments made in the application, as briefly stated supra, has further submitted that the Applicant Companies were able to get the softcopy of the order dated 03.12.2020 only on 10.12.2020 and they were unable to take requisite steps to conduct the m ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
