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TMI Blog2015 (11) TMI 1686X X X X Extracts X X X X X X X X Extracts X X X X ..... ispensed with. Since there is no secured creditor of both the companies, no meeting is required. - CP No. 198 of 2015 (O&M) - - - Dated:- 6-11-2015 - Hon'ble Mr. Justice Rajesh Bindal Mr. Atul V. Sood, Advocate, for the petitioners. Rajesh Bindal, J. In this petition filed under the Companies Act, 1956 (for short, 'the Act'), duly supported by affidavits, the petiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved the said Scheme in their meetings held on 25.8.2015 (Annexure P-6) and (Annexure P-7), respectively. The authorised share capital of the Transferor Company / Petitioner I as on 31.7.2015 is ` 1,28,00,00,000/- divided into 12,80,00,000 equity shares of ` 10/- each. The issued, subscribed and paid up share capital of the company is ` 4,35,70,000/- divided into 43,57,000 equity shares of ` 10/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red Creditors. Copy of the certificate to this effect issued by Ashish Karundia Company, Chartered Accountants is annexed as Annexure P- 11. All of them have given their consent to the Scheme of Amalgamation. Their consent letters are annexed as Annexure P-12. Transferee company / petitioner company-II has two (2) equity shareholders. Copy of the certificate to this effect issued by Ashish Karun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng against them under Sections 235 to 251, 397 and 398 of the Act. It was submitted that the proposed Scheme of Amalgamation is for the benefit of both the companies concerned and their shareholders. The proposed scheme will not adversely affect the rights of any of the creditors of the petitioner companies in any manner whatsoever. In this view of the aforesaid factual matrix, when all the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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