9911796707
TMI Blog2021 (3) TMI 389X X X X Extracts X X X X X X X X Extracts X X X X ..... sferred to and vested in the NEZONE TUBES (TN) LIMITED - RESULTING COMPANY above named under Section 230 to 232 of the Companies Act, 2013. 2. The object of this petition is to obtain sanction of Tribunal to the Scheme of Arrangement whereby and where under the MANUFACTURING DIVISION - RANIPET of NEZONE TUBES LIMITED - DEMERGED COMPANY will be transferred to and vested in the NEZONE TUBES (TN) LIMITED - RESULTING COMPANY with appointed date being 01st April, 2019 on the terms and conditions fully stated in the Scheme of Arrangement a copy whereof is annexed hereto and marked with the letter ANNEXURE-A at page no 40 to 70. 3. This Tribunal vide its order passed on 24TH January, 2020 in Company Application No. C.A. (CAA) NO. 126/KB/2020 has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red Creditors verified by Auditors Certificate, the requirement of holding separate meeting of Unsecured Creditors of the RESULTING COMPANY does not arise. g) Mr. Viktor Chatterjee (Mobile No. 8981627628) is appointed by this Tribunal as the Chairperson of the said meeting at a Remuneration of Rs. 50,000/(Rs. Fifty Thousand only) plus GST as applicable. h) That the quorum for the meeting of the equity shareholders and creditors shall be as laid down in Section 103 of the Companies Act, 2013. In the event the quorum is not present within half an hour of the commencement of the meeting then the members/creditors who are present at the meetings shall constitute the quorum for meeting and the Chairperson shall proceed with the meeting. i) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessments of the Applicant Companies are made; d. Competition Commission of India; e. Official Liquidator, High Court Calcutta; pursuant to Section 230(5) of the Companies Act, 2013 read with Rule 8 of the Companies (Compromises, Arrangements and Amalgamations Rules), 2016 with suitable changes in the notice relating to waiver of meetings. 4. The meeting as directed by this Tribunal was convened and held under the supervision of the Chairperson appointed by this Tribunal and the said Chairperson duly affirmed by his affidavit has filed his report which has been delivered to this Office on 21-07-2020. 5. In compliance of the directions, vide order dated 24th January, 2020 passed in C.A. (CAA) 126/KB/2020, the petitioner companies ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hin 30 days of the date of receipt of the notice, with a copy of such representation being sent simultaneously to the petitioners and their authorized Representatives. If no such representation is received by the Tribunal within the said period, it shall be presumed that such authorities have no representation to make on the Scheme of Arrangement. 10. Let the advertisement of the hearing of this petition be published once in the English daily, " Business Standard " and another in the Bengal daily Newspaper, " Aajkal ", stating the PAN of the petitioner companies, at least 10 days before the date fixed for hearing under Form No. NCLT 3A of the National Company Law Tribunal Rules, 2016 with necessary variations. 11. The petitioner companies ..... X X X X Extracts X X X X X X X X Extracts X X X X
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