https://www.taxtmi.com/caselaws?id=111177 The court granted dispensation for the formalities of convening and holding meetings of equity shareholders for the amalgamation under section 391(1) of the Companies Act, 1956 due to the majority consent obtained. However, the request to dispense with the meeting of secured creditors was denied as their consent was lacking. Unsecured creditors, including directors, consented for the amalgamation, leading to the approval to dispense with their meeting. The judgment detailed the procedure for separate meetings of secured and sundry creditors, allowing proxy voting and requiring the Chairman to report the meeting results to the Court within seven days. en-us Mon, 09 May 2005 00:00:00 +0530 Fri, 20 Apr 2012 17:18:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111177 The court granted dispensation for the formalities of convening and holding meetings of equity shareholders for the amalgamation under section 391(1) of the Companies Act, 1956 due to the majority consent obtained. However, the request to dispense with the meeting of secured creditors was denied as their consent was lacking. Unsecured creditors, including directors, consented for the amalgamation, leading to the approval to dispense with their meeting. The judgment detailed the procedure for separate meetings of secured and sundry creditors, allowing proxy voting and requiring the Chairman to report the meeting results to the Court within seven days. Case-Laws Companies Law Mon, 09 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111177