2012 (11) TMI 780

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..... of Equity Shareholders of Petitioner No.1/Transferor Company-2 and Petitioner No.2/Transferee Company is accepted. Since there is no secured creditor of the Petitioner No.1/Transferor Company-2, no occasion arises to dispense with convening of the meeting.However, separate meetings of the Un-secured Creditors of the petitioner-companies be convened as per schedule.
MR. SURYA KANT. J. Present: Mr. Praveen Gupta and Ravi Bassi, Advocates for the Petitioners. SURYA KANT, J. [ORAL] C.A. NO.593 OF 2012 Allowed as prayed for. C.P. No.112 of 2012 In this petition under Section 391 of the Companies Act, 1956, duly supported by affidavits, the petitioner-Companies seek directions to dispense with the convening of meetings of the Shareholde .....

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..... & 3,00,00,000-6% Non-Cumulative Redeemable Preference Shares of Rs.10/- each. Its issued, subscribed and paid-up share capital as on March 31, 2011 is Rs.40,00,00,000/- divided into 4,00,00,000 Equity shares of Rs.10/- each. On April 1,2011, its issued, subscribed and paidup capital was increased to Rs.66,30,00,000/- from Rs.40,00,00,000/- by allotting 2,63,00,000 - 6% Non-Cumulative Redeemable Preference Shares of Rs.10/- each fully paid to DLF Limited. [7] The list of Shareholders of Transferor Company-2 and their consents to the Scheme of Amalgamtion are annexed with the petition as Annexure P-17 and P-19 (Colly), respectively. The said company has no Secured Creditors and have 176 Un-secured creditors as is evident from the annexure ap .....

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..... o.2/Transferee Company, I find no reason to decline the prayer made in the present petition. Accordingly, the prayer to dispense with the convening of the meetings of Equity Shareholders of Petitioner No.1/Transferor Company-2 and Petitioner No.2/Transferee Company is accepted. Since there is no secured creditor of the Petitioner No.1/Transferor Company-2, no occasion arises to dispense with convening of the meeting. However, let separate meetings of the Un-secured Creditors of the petitioner-companies be convened as per following schedule: 1. DLF HOTELS & APARTMENTS PRIVATE LIMITED (Petitioner No-1/ Transferor Company-2): Venue: City Club, Phase V, New Carlton Tower, DLF City, Gurgaon, Haryana. DATE: 12.01.2013 i) Meeting of Uns .....

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