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TMI Blog2008 (7) TMI 581X X X X Extracts X X X X X X X X Extracts X X X X ..... .K. Roy for the Advocates of Second Transferee Company. JUDGMENT 1. This is an application by M/s. Apeejay Surrendra Hotels (P.) Ltd. (hereafter the applicant company/2nd transferor-company ), under sections 391(1)-394 of the Companies Act, 1956 (hereinafter referred to as the Act ) seeking directions for meetings of shareholders and unsecured creditors. The applicant seeks approval of a proposal for a scheme of amalgamation between the applicant, the 1st transferor-company, the 1st transferee-company, Apeejay Surrendra Corporate Services (P.) Ltd. and Apeejay Surrendra Holdings (P.) Ltd. 2. The registered offices of the applicant companies is at Pragati Bhawan, Jai Singh Road, New Delhi-110 001, and, therefore, within the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s unsecured creditors for considering, and if thought fit, approving the scheme. 7. The court has heard counsel for the applicant, and considered the materials on record. The arrangement for which approval is sought has the concurrence of the applicant s board of directors. It appears to be an internal reorganization of group companies. Considering the facts and circumstances, the court hereby is of the opinion that the request to hold the meetings should be acceded to. 8. It is accordingly directed that a meeting of the unsecured creditors of the transferee-company be held on 16-8-2008 at 10.30 a.m., at the premises of the applicant, at its office in Pragati Bhawan, Jai Singh Road, New Delhi-110 001. The court hereby appoints Mr. S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hereby appoints Ms. Annapoorni, Advocate, Mobile No. 9811059674, as the Chairperson and Ms. V. Mohana, Advocate, Mobile No. 9868110575 (E-14, Dronacharya Apartment, Mayur Vihar-I Extension, New Delhi 110 091) as the alternative Chairperson for the meeting of the shareholders of the applicant company. The quorum for the said meeting shall be shareholders in number constituting 51 per cent in value of the total holdings of the company. The Chairperson and the alternate Chairperson shall ensure that the notices convening the meeting of un-secured creditors of the applicant company along with copies of scheme and statement under section 393 of the Companies Act, 1956, shall be sent to the shareholders of the applicant company by UPC at their r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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