2016 (3) TMI 1265

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..... editors in the normal course of its business. Moreover, a certificate by the Chartered Accountant, confirming that the Net Worth of the Applicant Company as on 31st December 2015, has been placed on record. A perusal of the same indicates that prior to giving effect to the proposed Scheme, the Net Worth of the Applicant Company was ₹ 222.9 crores; Whereas in the Post-Scheme scenario, it shal .....

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..... Private Limited and Restructure of Share Capital of the Applicant Company, as proposed between the Applicant Company and its Equity Shareholders. 2 Smt. Swati Soparkar, learned advocate appear for the applicant company. Submissions have been advanced, (i) praying for the dispensation of the meetings of the Equity Shareholders of the Applicant Company; and (ii) for the dispensation of the meetin .....

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..... e Applicant Company. Considering the above facts and circumstances and the submissions advanced, the same is granted. 4 The attention of the Court is drawn to the submissions made in paragraph 11 of the affidavit in support of the Judges Summons. It has been submitted that the rights and interests of the Unsecured Creditors of the Applicant Company shall not be affected in any manner as a resu .....

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