9911796707
TMI Blog2015 (11) TMI 1725X X X X Extracts X X X X X X X X Extracts X X X X ..... ransferor Company), has prayed for the dispensation of holding and convening of the meeting of the Equity Shareholders of the Applicant Company for the purpose of considering, and if thought fit, approving with or without modification(s), the Scheme of Amalgamation of the Applicant Company with Advanced Adhesives Limited (Transferee Company). It is further prayed to dispense with the meetings of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Accountant as well as the financial position as on 30th September 2015, it is submitted that in the case of the Applicant Company, there is an excess of assets over liability to the tune of about Rs. 48.48 Crores. As per the financial position as on 30th September 2015, in the case of the Transferee Company, there is an excess of assets over liabilities to the tune of about Rs. 12.55 Crores. Both ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I (Colly) to the affidavit in support of the Summons for Directions. (2) For the present when the Equity Shareholders have given consent, this Court allows this Application for dispensation with the requirement of holding of the meeting of the Equity Shareholders and advertisement to be published in the newspapers. Similarly, publication in the Gujarat Government Gazette is also dispensed with. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and as the interest of the Creditors of the Applicant Company is not, in any manner, adversely affected by the proposed Scheme of Amalgamation, the meetings of the Creditors of the Applicant Company to consider and/or approve the proposed Scheme of Amalgamation, are hereby dispensed with.
5. Accordingly, the Company Application stands disposed of. X X X X Extracts X X X X X X X X Extracts X X X X
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