2016 (2) TMI 1136 - HC - Companies Law

Change of venue of meetings of the Secured and Unsecured Creditors of the applicant Company - Held that - Having heard learned counsel for the applicant and upon consideration of the submissions advanced, the following order is passed Paragraph 4(i) of the order dated 07.12.2015, passed by this Court in Company Application No.374 of 2015, is modified to the extent that the venue of the meetings shall now be at AMA Hall, AMA Complex, ATIRA, Dr. Vikram Sarabhai Marg, Ahmedabad 380015.

Summary

Issues:
Modification of venue for company meetings

Analysis:
The judgment pertains to an application filed by a company seeking modification of the venue for its meetings with secured and unsecured creditors. The applicant requested to hold the meetings at a different venue than originally specified in the court's previous order. The court heard arguments from the applicant's advocate and considered the submissions made. The court then decided to modify the previous order to allow the meetings to be conducted at the new venue proposed by the applicant, which was the AMA Hall, AMA Complex, ATIRA, Dr. Vikram Sarabhai Marg, Ahmedabad-380 015. The court granted the applicant's request and disposed of the application accordingly.

This judgment highlights the importance of procedural matters in corporate meetings and the court's willingness to accommodate reasonable requests from applicants regarding the venue for such meetings. The court's decision to modify the venue based on the applicant's submission indicates a flexible approach to ensuring that the interests of all parties involved are adequately addressed. The judgment underscores the significance of ensuring that corporate meetings are conducted in a manner that promotes transparency, fairness, and compliance with legal requirements.