9911796707
TMI Blog2010 (6) TMI 865X X X X Extracts X X X X X X X X Extracts X X X X ..... rder holding that the applicant (transferee Company) being the holding transferee Company in the proposed scheme of arrangement/amalgamation of Successcraft Solutions Pvt. Ltd. and While Calls Services Pvt. Ltd. (transferor Companies), the wholly owned subsidiaries of the applicant (Transferee Company), separate proceedings as required to be taken out under the provisions of Section 391(2) of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Application No. 146/2010 viz. Azure Knowledge Corporation Pvt. Ltd. is the transferee Company, which proposes to enter into an arrangement in the nature of amalgamation of two wholly owned subsidiaries viz. White Calls Services Pvt. Ltd., the applicant in Company Application No. 144/2010 and Successcraft Solutions Pvt. Ltd., the applicant in Company Application No. 145/2010 with the applicant tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... affected in any manner and hence separate proceedings for the said transferee Company are not necessary. 5. Mrs. Swati Soparkar, learned advocate appearing on behalf of the applicant has relied upon the order passed by this Court dated 4th December, 2006 in Company Application No. 619/2006 as well as following decisions reported in Company Cases: (i) 48 Co. Cases 23 (Del.) Sharat Hardware In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bsidiaries. 6. Heard the learned advocate appearing on behalf of the applicant. 7. Having gone through the aforesaid decisions as well as the order passed by this Court in Company Application No. 619/2006 as well as the scheme of amalgamation, and in light of various judgements referred to hereinabove, holding that separate proceedings are not necessary for the transferee Company being the h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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