2016 (4) TMI 1442

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..... of the Creditors of the Transferee Company shall not be prejudicially affected as a result of the Scheme. A certificate of the Chartered Accountant confirms the Net Worth of the Transferee Company to be substantially positive viz. Rs.2.59 Crores in the PreScheme and Rs.13.71 Crores in the PostScheme scenario. The said certificate is also placed on record as Exhibit F . In view of the same, dispen .....

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..... has prayed for dispensation of the meetings of the Equity Shareholders and Creditors of the Applicant Company. 3. It has been submitted that all the Equity Shareholders of the Company have approved the Scheme, in the form of written consent letters. All these consent letters are annexed with the Application as Exhibit D . The certificate confirming the status of the Shareholders as well as the .....

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