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TMI Blog2021 (8) TMI 749X X X X Extracts X X X X X X X X Extracts X X X X ..... e scheme is approved - application allowed. - CA (CAA) No. 120/KB/2021 - - - Dated:- 2-7-2021 - Rajasekhar V.K., Member (J) And Harish Chander Suri, Member (T) For the Appellant : Arani Guha, Advocate and Madhuri Pandey, PCS ORDER Harish Chander Suri, Member (T) 1. The instant application has been filed in the first stage of the proceedings under Section 230(1) read with Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by Ld. counsel appearing for the Applicants that the shares of Applicant No. 1 and 2 are not listed. Further, the Applicants have the following classes of shareholders and creditors:- (a) Applicant No. 1: 2 Equity Shareholders, NIL Secured Creditors and NIL Unsecured Creditors. (b) Applicant No. 2: 2 Equity Shareholders, NIL Secured Creditors and 5 Unsecured Creditors having value of S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sider the Scheme under Section 230(1) [read with Section 232(1)] of the Act. 5. Upon perusing the records and documents in the instant proceedings and considering the submissions made on behalf of the Applicants, we allow the instant application and make the following orders:- (a) Meetings dispensed: Meetings of the Equity Shareholders of the Applicant No. 1, Meetings of the Equity Sharehol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled before this Tribunal within 30 days from the date of receipt of the notice with a copy of such representation being simultaneously sent to the Advocates/Authorised Representative of the said Applicants. If no such representation is received by the Tribunal within such period, it shall be presumed that such authorities have no representation to make on the said Scheme of Amalgamation. Such not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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