2014 (1) TMI 1822

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..... anies) under Sections 391 to 394 of the Companies Act, 1956 in a proposed Scheme of Arrangement in the nature of Amalgamation of two group Companies with Anagha Pharma Private Limited, the Transferee Company. 2. Heard Ms. Vaibhavi Parikh, learned advocate for the Applicant Company. It is submitted that all the Equity Shareholders of the Applicant Transferor Company (there being no Secured Credito .....

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..... reto, including the contents of the affidavit filed by the deponent (Exhibit 'C' being a copy of the proposed Scheme of Amalgamation); It is ordered that: 4. A meeting of the Unsecured Creditors of the Applicant Company shall be convened and held at Shed No. 508 GIDC 2, Wadhwan City, Surendranagar - 363 035 in the State of Gujarat, on Monday, the 24th day of February, 2014 at 3:00 p.m. for the pu .....

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..... said list of the Creditors with their names and addresses shall be placed on record by the Applicant Company. A Certificate shall be obtained from the Postal Department, confirming the total number of dispatches so made. 6. That at least 21 clear days before the meeting to be held as aforesaid, a notice convening the said meeting indicating the day, the date, place and time as aforesaid be publis .....

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..... 8. The Chairman appointed for the aforesaid meeting shall issue advertisement and send out notice of the said meeting referred to above. It is further directed, that the Chairman of the meeting 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 Resol .....

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..... d, the Chairman of the meeting shall determine the value, or number, for the purposes of the meeting and his decision in that behalf would be final. 12. The Chairman shall report to this Court, the result of the said meeting within 14 days of the conclusion of the meeting and the said Report shall be verified by his affidavit. 13. The Company Application is, hereby, disposed of.
Case laws, D .....

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