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TMI Blog2020 (9) TMI 603X X X X Extracts X X X X X X X X Extracts X X X X ..... oncerned Income Tax Authority within whose jurisdiction each of the Applicant Companies' assessments are made, pursuant to section 230(5) of the Companies Act, 2013 and as per rule 8 of the Companies (Compromises, Arrangements Amalgamations) Rules, 2016. If no response is received by the Tribunal from such authorities within 30 days of the date of receipt of the notice it will be presumed that they have no objection to the proposed Scheme. - CA (CAA)/1032/MB.V/2020 - - - Dated:- 28-7-2020 - Shri Rajasekhar V. K. : Member ( Judicial ) And Shri V. Nallasenapathy : Member ( Technical ) For the Applicants : Mr Ahmed M Chunawala, i/b Rajesh Shah Co, Advocates ORDER Per: Rajasekhar V. K., Member ( Judicial ) 1. The Be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in view of the consent affidavits given by the Preference Shareholder of the Applicant Company No.2, which are annexed as Exhibit N collectively to the Company Application. 7. Learned Counsel for the Applicant Companies submits that the scheme is an arrangement between the Applicant Companies and their respective shareholders in accordance with the provisions of the Companies Act, 2013. There is no compromise or arrangement with the creditors of the companies as no sacrifice is called for. Hence, while this Bench dispenses with the meetings of the creditors of each of the Applicant Companies, this Bench hereby directs each of the Applicant Companies to issue notice to their Secured and Unsecured Creditors as required under section 230 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No.206, Arun Chambers, Tardeo, Mumbai 400034; Mobile: +91-98210-96137 to assist the Official Liquidator in scrutinising the books of the Transferor Company for the last five years and submit his representation to the Tribunal. The Transferor Company shall pay fees of ₹ 1,70,000/- (Rupees one lakh and seventy thousand only) for this purpose. If no representation response is received by the Tribunal from the Official Liquidator, High Court, Bombay, within a period of thirty days from the date of receipt of such notice, it will be presumed that Official Liquidator has no representation or objection to the proposed Scheme. 11. The Applicant Companies to file an affidavit of service within ten working days after serving to notice to al ..... X X X X Extracts X X X X X X X X Extracts X X X X
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