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TMI Blog2016 (4) TMI 1263X X X X Extracts X X X X X X X X Extracts X X X X ..... ispensed with. - Company Application No. 209 of 2016 - - - Dated:- 27-4-2016 - Honourable Smt. Justice Abhilasha Kumari Ms Dharmishta Raval, Advocate for the Applicant. ORAL ORDER 1. The present Judges' Summons have been taken out by MGN Agro Properties Private Limited, the Applicant Transferee Company, for appropriate orders for dispensing with the meeting of the Equity Sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsidering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement, be dispensed with in view of the fact that all the Equity Shareholders have given their consent. The consent letters are annexed at Annexure T . A Certificate by the Chartered Accountant is annexed at Annexure U certifying the list of Equity Shareholders. 4. It is further submit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t that the rights and interests of the Unsecured Creditors of the Applicant Transferee Company will not be affected by the proposed Scheme of Arrangement as the assets of the Transferee Company, post Scheme, will be far more than its liabilities and, as such, sufficient to discharge the liabilities. It is further submitted that all the creditors of the Applicant Company will be paid off in the ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs of the Applicant Transferee Company is dispensed with, in view of the consent letters of all the Equity shareholders and the Chartered Accountant s certificate certifying the list of Equity Shareholders. b. The meeting of the Secured Creditor of the Applicant Transferee Company is dispensed with in view of the fact that there are no Secured Creditors. c. The meeting of the Unsecured Credi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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