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TMI Blog2016 (3) TMI 1257X X X X Extracts X X X X X X X X Extracts X X X X ..... 6 - - - Dated:- 11-3-2016 - Alok Sharma, J. For the Applicant : Sandeep Taneja For the Respondent : -- ORDER The Company application has been filed by the applicants under Sections 391-394 of the Companies Act, 1956 read with Rule 67 of the Companies (Court) Rules, 1959 for dispensing with the meetings of shareholders and creditors of Food Magic India Private Limited (Transferor Company), Gemini Comestibles Private Limited (Transferor Company), Mindscape One Marketing Private Limited (Transferor Company), Rhodanthe Foods Private Limited (Transferor Company) and Ready Roti India Private Limited (Transferee Company) and for holding the meeting of unsecured creditors of Mindscape One Marketing Private Limited (Transferor C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Chartered Accountant is annexed as Annexure-21. It is submitted that Mindscape One Marketing Private Limited has two equity shareholders and they have consented to the scheme of amalgamation, their consent letters are annexed as Annexure-22. It has one secured creditor ICICI Bank, which has given consent to the scheme of amalgamation. There are 191 unsecured creditors of the company list of which as on 31-1-2016 certified by the Chartered Accountant is annexed as Annexure-23. It is submitted that in view of consent by the secured creditor for the scheme of amalgamation, the meeting be dispensed with. Only the meeting of unsecured creditors is required to be convened. It is submitted that Rhodanthe Foods Private Limited has two equ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rcumstances as required under the Act of 1956, the meeting of unsecured creditors of the company Mindscape One Marketing Private Limited is required to be held. And it be so directed. Heard. Considered. Taking into consideration the submissions and the material on record of the application, I deem it appropriate to direct that the meetings of shareholders, creditors secured and unsecured of companies other than the meeting of unsecured creditors of Mindscape One Marketing Private Limited be dispensed with. The meeting of the unsecured creditors of Mindscape One Marketing Private Limited however be held to examine the proposed scheme of amalgamation. The said meeting be convened and held at Jaipur Chapter of NIRC of ICSI, A-5/A, ICSI H ..... X X X X Extracts X X X X X X X X Extracts X X X X
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