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TMI Blog2018 (6) TMI 1757X X X X Extracts X X X X X X X X Extracts X X X X ..... e Mr. Madan Kumar,Maroti Pr.CA Mr.N. Gurumurthy, Pr.CA ORDER Harish Chander Suri, J. 1. The court convened by video conference today. 2. The Object of this Application is to seek directions of this Tribunal for dispensation of meetings of shareholders and creditors of Auxinite Marketing Limited (Transferor Company) with Bajaj Polyblends Private Limited (Transferee Company),in regard to a sche ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fiting the Shareholders of the Transferor Company and the Transferee Company. This Amalgamation will also streamline corporate structure of the Companies ensuring ease of management and administrative convenience in managing the Companies which have synergetic linkages. 6. Learned Counsel for the Applicant Companies submit that All the Shareholders of Applicant Companies have given affidavi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs. 10,15,49,608/-(Rupees Ten Crore Fifteen lacs Forty Nine Thousand Six Hundred Eight Only). And Consent given by way of affidavit. Therefore the requirement of convening and holding of separate meetings of the Unsecured Creditor of the Applicant transferor Company is dispensed with. 9. Learned Counsel submits that as on 31.03.2020 the Applicant Transferor Company has four Unsecured Creditors ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o response is received by the Tribunal within 30 days of the date of receipt of the notice it will be presumed that the authorities have no objection to the proposed Scheme. 11. At least thirty clear days before the date fixed for hearing, Applicant Company-1 to 2 to serve the notice of hearing of Application upon the Official Liquidator, High Court, and Calcutta pursuant to section 230(5) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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