9911796707
TMI Blog2018 (10) TMI 2009X X X X Extracts X X X X X X X X Extracts X X X X ..... pany No. 1", (3) Seaview Agencies Private Limited (SAPL), the "Transferor Company No. 2" and their respective shareholders whereby and where under the entire undertaking of the Transferor Companies as a going concern together with all its assets and liabilities will stand transferred to and vested in the Transferee Company with effect from 1st April, 2017 in a manner provided in the Scheme of Amalgamation. 2. A copy of the Scheme of Amalgamation is annexed with the petition and marked with "A". 3. It is stated in the petition that the Petitioner Companies namely, Reliable Commodeal Private Limited, Seaview Agencies Private Limited and Narsingh Ispat Limited have common shareholders and management, therefore it would be beneficial for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the unsecured creditors of Applicant Company Nos. 2 were dispensed with. 9. The Applicant Company No. 2 does not have any secured creditor and the Applicant Company No. 3 does not have any secured or unsecured Creditors. 10. A meeting of the secured and unsecured creditors of Applicant Company No. 1, Narsingh Ispat Limited, was directed to be convened and held at Diamond Heritage, 16 Strand Road, Fairley Place, B.B.D Bag, 15th Floor, Room No.-1512, Kolkata-700001, West Bengal on 23/08/2018 at 10.00 A.M. and 11.00 A.M. respectively for the purpose of considering and if thought fit, approving with or without modification, the Scheme of Amalgamation. 11. In compliance of the said order dated 20% July, 2018 of this Tribunal, the Petitioner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and publication of the notice of the meeting in the newspaper. 15. On 23rd August, 2018, meetings of the secured and unsecured creditors of Petitioner Company No. 1 was duly held at the venue directed in the said order of the Tribunal and the Equity Shareholders of the Petitioner Company No. 1 unanimously approved the Scheme of Amalgamation. 16. After such due compliance, the petitioners have made the instant petition bearing No. C.P. (CAA) No. 1294/KB/2018, before this Tribunal, among other things, seeking final sanction of the proposed Scheme of Amalgamation. 17. Heard the arguments of the Ld. Practicing Company Secretary for the petitioners. 18. Let Notice be served as per requirements of sub-section (5) of Section 230 of the Compani ..... X X X X Extracts X X X X X X X X Extracts X X X X
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