9911796707
TMI Blog2012 (12) TMI 835X X X X Extracts X X X X X X X X Extracts X X X X ..... Capital Territory of Delhi and are within the jurisdiction of this Court. 3. Learned Counsel for the Applicant Companies submitted that no proceedings under sections 235 and 251 of the Companies Act, 1956 are pending against any of the Applicant Company as on date of the present Application. 4. The proposed Scheme has been approved by the Board of Directors of the Applicant Companies. Copies of the Board Resolutions have been filed along with the Application. 5. The status of the Shareholders, Secured and Un-secured Creditors of the Transferor and Transferee Companies and consents obtained from them for the proposed Scheme is clearly apparent from the chart given in the application which is as below :- Company No. of Share Holde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the requirement of the convening meetings of the Unsecured Creditors of Applicant Company nos. 1, 3 & 4. 9. In view of the written consent / NOC given, the requirement of convening meetings of Unsecured of Applicant Company nos. 1, 3 & 4 is dispensed with. 10. The Applicant Company no. 5 / Transferee Company has Seven Secured Creditors. A prayer has been made for dispensation of the requirement of the convening meeting of the Secured Creditors of Applicant Company no. 5 / the Transferee Company. 11. In view of the written consent / NOC given by Five Secured Creditors, holding 99.99% of total debts, the requirement of convening meetings of Secured of Applicant Company no. 5 / the Transferee Company is dispensed with. 12. Separate meeting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aibhav Joshi, Advocate, Cell No.9971154800 is appointed as the Alternate Chairperson for the meeting of the Un-Secured Creditors of Applicant Company no. 5 / Transferee Company. They would be paid a fee of Rs.50,000/- each. Ms.Kalpana, Cell no.9718912189 and Ms.Sunita, Cell no. 9718912189 shall provide secretarial assistance to the Chairperson and the Alternate Chairperson. They shall be paid a fee of Rs.10,000/-each for this purpose. 16. Applicant Company nos. 2 & 5 are also directed to publish their respective advance notices of the aforesaid proposed meetings in 'Business Standards' ( English, Delhi Edition ) and 'Jansatta' ( Hindi, Delhi Edition ). The advertisements shall be published minimum 21 days in advance before the scheduled da ..... X X X X Extracts X X X X X X X X Extracts X X X X
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