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TMI Blog2012 (11) TMI 608X X X X Extracts X X X X X X X X Extracts X X X X ..... the National Capital Territory of Delhi and are within the jurisdiction of this Court. 3. Mr. Manoj Kumar Singh, the learned counsel for the Applicant Companies submitted that no proceedings under Sections 235 to 251 of the Companies Act are pending against any of the Applicant Companies as on the date of the present application. The proposed Scheme has been approved by the Board of Directors of both the Applicant Companies. 4. The status of shareholders, secured and unsecured creditors of the Applicant Companies and the consent obtained for the proposed scheme is clearly apparent from the chart given below:- Transferor Company Transferee Company No. of share holders 10 25.24% held by Promoters 74.76% held by others. Consent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Fatehpur Beri, New Delhi 110074 will be held on 01.12.2012, Thursday as per the following schedule: Company Shareholders Secured Creditors Unsecured Creditors Transferor Company N/A 1.30 P.M. 4.30 P.M. Transferee Company 10.30 M N/A 6.30 P.M. 9. Ms. Sanjana Malik, Advocate, Cell No.9810002149 is appointed as the Chairperson and Mr.K.G.Malik, Cell No.9971988890 is appointed as the Alternate Chairperson for the meeting of shareholders Creditors of the Transferee Company. They would be paid a fee of Rs. 50,000/- each. Mr.Suresh, Cell No.8750216258 and Mr.Sanjay Kumar, Cell No.9868009774 shall provide secretarial assistance to the Chairperson and the Alternate Chairperson. They shall be paid a fee of Rs. 10,000/- each for this purp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... They shall be paid a fee of Rs. 10,000/- each for this purpose. 13. The quorum of the meetings of Secured Creditors and Equity Shareholders of Transferee Company are fixed as follows: Company Shareholders Secured Creditors Unsecured Creditors Transferor Company - 20% 20% Transferee Company 20% - 20% 14. It is also directed that if the Quorum is not present in the meetings, the meetings would be adjourned for 30 minutes and thereafter, the persons present in the meetings would be treated as proper quorum. For the purpose of computing the quorum the valid proxies shall also be considered, if the proxy in the prescribed form duly signed by the person entitled to attend and vote at the aforesaid meetings or by his authorised repr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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