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TMI Blog2012 (12) TMI 859X X X X Extracts X X X X X X X X Extracts X X X X ..... at the Applicant Transferor Company was having no secured or unsecured creditors there is no need for convening and holding meetings of either secured or unsecured creditors. As all the shareholders of the Applicant Transferor Company have given their consent to the Scheme in writing and that the Applicant Transferor Company does not have any secured or unsecured creditors at all, the convening ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RIVATE LIMITED (hereinafter referred to as the Scheme ) on the terms and conditions and for the consideration as stated in the said Scheme, a copy whereof has been annexed and marked as Annexure B to the Affidavit in Support of Summons submitted with the present Company Application. 2. The registered office of the Applicant Transferor Company, eMETER INDIA PRIVATE LIMITED, is situated in New ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 March 2012 and 30 September 2011, respectively. 4. Mr Sharad Vaid, learned counsel, submitted that no proceedings are pending against the Applicant Transferor Company under Section 235 to 251 of the Act. 5. Mr Sharad Vaid pointed out that Applicant Transferor Company is a wholly owned subsidiary of the Transferee Company and that all the shareholders of the Applicant Transferor Company i.e. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ening and holding meetings of either secured or unsecured creditors of the Applicant Transferor Company as it does not have any creditors. 7. Keeping in view the aforesaid as well as the fact that all the shareholders of the Applicant Transferor Company have given their consent to the Scheme in writing and that the Applicant Transferor Company does not have any secured or unsecured creditors at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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