9911796707
TMI Blog2016 (7) TMI 1656X X X X Extracts X X X X X X X X Extracts X X X X ..... of above named Company by a Summons for Directions dated 14th Day of June, 2016 AND UPON HEARING Mr. Hemant Sethi, i/b Hemant Sethi & Co. Advocates for the Applicant Company AND UPON reading the Affidavit dated 14thday of June, 2016 of Ms. Shilpa Sethi, Senior Manager, Legal and Company Secretary of the Applicant Company AND Clause 4(B) of the Articles of Association of the Applicant Company which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Equity shares of Rs.10 (Rupees Ten) each fully paid up and 19,92,10,394 (Nineteen Crore Ninety Two Lakhs Ten Thousand Three Hundred and Ninety Four) 8.5% Non-Convertible Cumulative Redeemable Preference Shares of Rs.10 (Rupees Ten) each fully paid upshall be reduced to Rs. 41,83,39,250 (Rupees Forty One Crore Eighty Three Lakhs Thirty Nine Thousand Two Hundred and Fifty only) comprising of 4,18,3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nctive number 1 to 19,92,10,394, by adjusting against the debit balance of Profit & Loss Account aggregating to Rs. 2,37,08,69,231.25 and by paying an aggregate cash consideration of Rs.6,07,91,518.75 to equity and preference shareholders and pursuant to extinguishing the paid up Equity and Preference Share Capital and payment of the cash consideration as aforementioned, the Securities Premium Acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e interest of any of the Applicant Company's creditors or the ordinary operations of the Applicant Company in the ordinary course of its business and that there is no compromise or arrangement with any of the creditors of the Applicant Company as there is no reduction in the amount payable to any of the creditors of the Applicant Company. In view of above, the procedure prescribed under Section 10 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
