Dispensation of shareholders' and unsecured creditors' meetings granted in an amalgamation scheme application.

In a proposed scheme of amalgamation, the Gujarat HC considered whether the meetings of the equity shareholders and unsecured creditors of the applicant company should be dispensed with. The court allowed the application and dispensed with those meetings, disposing of the matter on that basis.

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Issues: Whether the meetings of the Equity Shareholders and Unsecured Creditors of the applicant company should be dispensed with in connection with the proposed scheme of amalgamation.

Outcome: The application for dispensation of the meetings was allowed and the matter was disposed of.

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