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TMI Blog2015 (5) TMI 1132X X X X Extracts X X X X X X X X Extracts X X X X ..... Scheme of Amalgamation, it is hereby ordered that meetings of the Equity shareholders and Unsecured Creditors of the Transferee Company as scheduled. The meetings shall be conducted in accordance with law and after due notice to all concerned inlcuding public in the newspapers namely “Financial Express” (English) and “Jansatta” (Hindi) both Delhi/ NCR Edition and in the official Gazette of Government of Haryana. Notice of the meetings shall be published at least 21 days before the date of the proposed meetings. On the basis of prayer made by learned counsel for the petitioner, permission is granted to publish a common notice for both the aforesaid meetings. Individual notice be also sent to the Equity Shareholders and Unsecured Cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irectors of Petitioners-Transferor and Transferee Companies has approved the Scheme of Amalgamation in their respective meetings held on 5.2.2015. Copies of the resolution have been annexed as Annexures P-2 and P-3 respectively. The petitioner-Transferor Company No.1 has four Equity Shareholders, which is evident from the list annexed at Annexure P- 8. The consent letters/No objections of all the Equiry Shareholders to the Scheme of Amalgamation are annexed at Annexure P-9. There are four Secured Creditors of the petitioner Transferor Company as certified by Rajan Chhabra and Co., Chartered Accountants annexed at Annexure P-10. All the Secured Creditors have given their consent to the said Scheme which is annexed at Annexure P-11. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Net Asset Value of ₹ 29320.02 lacs and accordingly the interest of the creditors are adequately safeguarded and hence prayed for dispensation of convening, holding, conducting of their meetings. As per Annexure B of Annexure P-17, it is further averred that out of 1526 Unsecured Creditors, the value of Unsecured creditors having claim of less than ₹ 1 lac, aggregating to ₹ 2,26,71,925/- which amounts to 2.28% of the total value of Unsecured Creditors of the Transferee Company and thus it is urged and prayed that their meetings may not be warranted. As regards the prayer regarding conducting of meeting of those Unsecured Creditors of Transferee Company who have claim of ₹ 1 lac and above is also accepted. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1. 4.7.2015 11. A.M Unsecured Creditors Aravali Golf Club, New Industrial Township NIT) Faridabad, Haryana 121001 4.7.2015 1 P.M. Accordingly, Mr. Sapan Dhir, Advocate (Mob.No.9814431428, 925730043) is appointed as Chiarman and Mr. Prateek Gupta, Advocate (Mob.No. 9876130346) is appointed as Co-Chairman for convening the meeting of Equity Shareholders of the Transferee Company. Accordingly Mr. Raman Walia, Advocate (Mob.No.9815915130) is appointed as Chiarman and Mr. Kartik Gupta, Advocate (Mob.No.8968971177) is appointed as Co- Chairman for convening the meeting of Unsecured Creditors of the Transferee Company. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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