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TMI Blog2021 (3) TMI 389X X X X Extracts X X X X X X X X Extracts X X X X ..... te ORDER Harish Chander Suri, Member (T) 1. This is a Joint Petition for sanctioning of the Scheme of Arrangement whereby and where under the MANUFACTURING DIVISION - RANIPET of the NEZONE TUBES LIMITED -DEMERGED COMPANY above named be transferred to and vested in the NEZONE TUBES (TN) LIMITED - RESULTING COMPANY above named under Section 230 to 232 of the Companies Act, 2013. 2. The object of this petition is to obtain sanction of Tribunal to the Scheme of Arrangement whereby and where under the MANUFACTURING DIVISION - RANIPET of NEZONE TUBES LIMITED - DEMERGED COMPANY will be transferred to and vested in the NEZONE TUBES (TN) LIMITED - RESULTING COMPANY with appointed date being 01st April, 2019 on the terms and conditions ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the Conference Room of Maroti Associates Diamond Heritage 16 Strand Road 5th Floor Room No. 503, Kolkata - 700001 on Saturday 14th March, 2020 at 3.00 P.M. to consider the Scheme of Arrangement. f) In view of the fact that the RESULTING COMPANY have NIL Unsecured Creditors verified by Auditors Certificate, the requirement of holding separate meeting of Unsecured Creditors of the RESULTING COMPANY does not arise. g) Mr. Viktor Chatterjee (Mobile No. 8981627628) is appointed by this Tribunal as the Chairperson of the said meeting at a Remuneration of ₹ 50,000/(Rs. Fifty Thousand only) plus GST as applicable. h) That the quorum for the meeting of the equity shareholders and creditors shall be as laid down in Sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on following Regulatory Authorities namely : a. Central Government, through Regional Director -Eastern Region (Ministry of Corporate Affairs), Kolkata; b. Registrar of Companies, West Bengal; c. Income Tax Authorities along with Chief Commissioner of Income Tax under whose jurisdiction the assessments of the Applicant Companies are made; d. Competition Commission of India; e. Official Liquidator, High Court Calcutta; pursuant to Section 230(5) of the Companies Act, 2013 read with Rule 8 of the Companies (Compromises, Arrangements and Amalgamations Rules), 2016 with suitable changes in the notice relating to waiver of meetings. 4. The meeting as directed by this Tribunal was convened and held under the super ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... well as other sectoral regulators/authorities, if applicable, which are likely to be affected by the proposed Scheme of Arrangement, by hand delivery through personal messenger or by registered post or by speed post and by electronic mail. 9. The notice shall specify that representation, if any, should be filed before this Tribunal within 30 days of the date of receipt of the notice, with a copy of such representation being sent simultaneously to the petitioners and their authorized Representatives. If no such representation is received by the Tribunal within the said period, it shall be presumed that such authorities have no representation to make on the Scheme of Arrangement. 10. Let the advertisement of the hearing of this petitio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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