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TMI Blog2015 (11) TMI 1707X X X X Extracts X X X X X X X X Extracts X X X X ..... cals Limited and Troikaa Exports Private Limited, as proposed between the Applicant Company and its creditors. That at least 21 clear days before the meetings to be held as aforesaid, and adherence to other relevant provisions regarding Chairman appointment, quorum for the meeting, books of accounts of the company, etc. . - Company Application No. 334 of 2015 - - - Dated:- 2-11-2015 - Honourable Mr.Justice Vipul M. Pancholi Mrs Swati Soparkar, Advocate for the Applicant. ORAL ORDER 1. This application is filed by the abovenamed Applicant Transferor company by summons dated 30th October 2015, filed under Sec. 391 to 394 read with Sections 100 to 103 of the Companies Act, 1956, in a proposed Composite Scheme of Arrangeme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eir approval to the proposed scheme. 4. In the facts and circumstances of the present case, it is ordered that separate meetings of the Secured Creditors and Unsecured Creditors of the Applicant Company shall be convened and held at The Pride Hotel, Judges Bungalow Road, Bodakdev, Ahmedabad - 380 054 in the state of Gujarat on Monday, the 21st December 2015 respectively at 4.00 p.m. and 5.00 p.m., for the purpose of considering and if thought fit, approving with or without modifications, the proposed Composite scheme of Arrangement in the nature of transfer of undertaking, amalgamation as well as restructure of Share Capital between Troikaa Pharmaceuticals Limited and Troikaa Exports Private Limited, as proposed between the Applicant Com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 and in respect of any adjournment or adjournments thereof. 8. That the Chairman appointed for the aforesaid meetings do issue advertisements and send out notices of the said meetings referred to above. It is further directed, that the Chairman of the meetings shall have all powers under the Articles of Association of the Applicant Company and under the Companies (Court) Rules, 1959 in relation to conduct of meeting including an amendment to the Scheme or resolution, if any, proposed at the meetings by any person(s); adjourning the meeting to another day, if so required and to ascertain the decision of the meetings on a poll. 9. That the quorum for the meeting of Secured Creditors shall be 2 (Two) and Unsecured Creditors shall be 15 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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