2016 (4) TMI 1458

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..... stating that the proposed Reduction of Share Capital would not in any way adversely affect the interests of any of the Applicant s Unsecured Creditors or the ordinary operations of the Applicant or the ability of the Applicant to honour its debts in the ordinary course of business. In view of the above, the procedure prescribed under Section 101(2) of the Companies Act, 1956 is dispensed with. .....

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..... horised by law AND the Applicant Company having passed Special Resolution with requisite majority at its Extraordinary General Meeting held on 2nd day of February, 2016 being Exhibit F to the Affidavit in Support of Company Summons for Directions, approving the existing Equity Share Capital of the Company of Rs. 14,43,80,370 (Rupees Fourteen Crores Forty Three Lakh Eighty Thousand Three Hundred .....

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..... hich are annexed as Exhibit - C1 to C3 to the Additional Affidavit dated 28th March, 2016 in support of Company Summons for Directions AND in view of the averments made in paragraph Sixteen and Seventeen (16 17) of the Affidavit in support of summons for Direction interalia stating that the proposed Reduction of Share Capital would not in any way adversely affect the interests of any of the Appl .....

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