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TMI Blog2016 (7) TMI 1455X X X X Extracts X X X X X X X X Extracts X X X X ..... nd necessary adherence to procedures. - S.B. Company Application No.126/2016 - - - Dated:- 22-7-2016 - JUSTICE ALOK SHARMA For the Applicants : Mr. Sandeep Taneja,.Mr. Anuroop Singhi, Mr. Abhinav Ashwin, Mr. Saurabh Jain ORDER The Company application has been filed by the applicants InterGlobe Enterprises Limited, InterGlobe Real Estate Ventures Private Limited, InterGlobe Business Solutions Private Limited, with the Acquire Services Private Limited under Sections 391-394 of the Companies Act, 1956 read with Rule 67 of the Companies (Court) Rules, 1959 for the composite scheme of arrangement between InterGlobe Enterprises Limited, Transferor Company, InterGlobe Real Estate Ventures Private Limited, (Resulting Subsidiary No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tered Accountant is enclosed as Annexure 21 29. It has been submitted that in view of consent of the shareholders, their meeting be dispensed with. The Resulting Subsidiary No.1 has no secured creditor or unsecured creditor. In this regard the Chartered Accountant has issued certificate, which is enclosed as Annexure-22. The Resulting Subsidiary No.2 company is wholly owned subsidiary of the Transferor Company holding 99% shares and the balance 1% shareholding through a Nominee Ms. Rohini Bhatia. The equity shareholders of the Resulting Subsidiary No.2 have given their consent to the scheme. List of shareholders, certified by the Chartered Accountant is enclosed as Annexure 23 30. It has been submitted that in view of consent of the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ecured creditors of the transferor company InterGlobe Enterprises Limited be held to examine the proposed scheme. The said meetings of the secured creditor and unsecured creditors of the transferor company be convened and held at Hotel IBIS Jaipur, Civil Lines Area, near Civil Lines Metro Station Ajmer Road Jaipur on the date and time for the purpose as detailed hereunder:- Category of meeting Time Date Place 1. Secured creditors 12.00 Noon Hotel IBIS Civil Lines Area Sept. 03, 2016 Near Civil Lines Metro Station ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bear the expenses of conveyance of the Chairmen for the said two meetings. At least 21 clear days before the day appointed for holding the meeting as directed herein above, the notice of the meeting shall be advertised as per form No.38 appended to the Company Court Rules, 1956 in daily newspapers (i) Rajasthan Patrika (Jaipur Edition) and (ii) The Times of India (Jaipur Edition). Notice of the meetings be also served by speed post addressed to each of the secured creditor and unsecured creditors, whose meetings are to be held under supervision of the respective Chairpersons. The Chairpersons at each of the meeting shall submit reports about result of meetings within seven days of conclusion duly verified by their affidavit. The appli ..... X X X X Extracts X X X X X X X X Extracts X X X X
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