2015 (9) TMI 1589

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..... Company as well as confirming the receipt of the consent letters from all the Equity Shareholders as well as the Creditors. It is, accordingly, prayed that the meetings of the Equity Shareholders and Unsecured Creditors is not essential for the consideration and approval of the said scheme, as required to be held under the provisions of Section 391(2) of the Companies Act, 1956. Considering th .....

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..... Mills Private Limited of Zenitex Mill Private Limited and Restructure of Capital of both the Companies. 2. In this regard, the present application is filed by Zenitex Mill Private Limited, the applicant resulting company. In the Judges' Summons taken out dated 16.09.2015, it was prayed for dispensation of meetings of Equity Shareholders and Creditors of the Applicant Company. 3. Heard M .....

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..... ed Creditors is not essential for the consideration and approval of the said scheme, as required to be held under the provisions of Section 391(2) of the Companies Act, 1956. 4. Considering the above submissions, it is hereby held that meeting of the Equity Shareholders and Unsecured Creditors of the Applicant Company for considering and approving the proposed scheme are not necessary and are n .....

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