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TMI Blog2020 (12) TMI 916X X X X Extracts X X X X X X X X Extracts X X X X ..... in their respective meetings held on 6th day of January, 2020, approved the Scheme. The Appointed date fixed under the Scheme is 1st day of April, 2019. 3. The Counsel for the Applicant Companies further submits that the First Applicant Company is engaged into the business of Dealers, Agents, Buyers, Sellers, Manufacturers Representatives, whole sellers, retailers, imports and exporters of all kind of food products, vegetable products, Agricultural Products and other allied products etc. The Second Applicant Company is engaged into the business of manufactures, producers, processors, refineries, importers, exporters, traders, buyers, sellers, retailers, wholesalers, suppliers, intenders, preservers, bottlers, packers, movers, stockists, ag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce no need to convene and holding the meetings of the Trade/Sundry Creditors of the 1st Applicant/Transferor Company. 8. That the convening and holding the meeting of the Secured Creditors and Unsecured Creditors of the 2nd Applicant/Transferee Company for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme of Amalgamation of the Applicant Companies are dispensed with in view of the consent affidavits given by all the Secured and Unsecured Creditors of the 2nd Applicant/Transferee Company. 9. That there are 1078 Trade/sundry Creditors for an amount of Rs. 1,09,15,90,140/- in the 2nd Applicant/Transferee Company as on 31.03.2020. The meeting of the Trade/Sundry Creditors of the 2n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icating the place, day, date and time of meeting as aforesaid be published and stating that copies of the Scheme and the statement required to be furnished pursuant to Section 230(3) of the Companies Act, 2013 read with Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and the Form of Proxy can be obtained free of charge at the Registered Office of the said Transferee Company as aforesaid and/or at the office of its Advocates, Mr. Y. Suryanarayana, Flat No. 106, Nirmal Towers 200, Near Sai Baba Temple, Dwarakapuri Colony, Punjagutta, Hyderabad - 500 082. 12. That the notice of the meetings of the Trade/Sundry Creditors of the Transferee Company shall be advertised in two newspapers viz. "Business Standard" i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... That the value each Trade/sundry Creditor shall be in accordance with the books or register of the said Transferee Company and where the entries in the books or register are disputed, the Chairman of the meetings shall determine the value for the aforesaid meeting and his decision in that behalf would be final. 19. That Mr. A. Ravi Shankar, Practicing Company Secretary [Contact No. 9848016535], is hereby appointed as Scrutinizer of the meeting of the Trade/Sundry Creditors of the Transferee Company or any adjournment or adjournments thereof. 20. The fee of the professional appointed as Scrutinizer of the above said meeting shall be Rs. 50,000/-. 21. That the Chairman of the meeting to report to this Tribunal, the results of the aforesai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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