https://www.taxtmi.com/caselaws?id=112720 At the stage of a summons for directions under section 391(1) of the Companies Act, the Company Court proceeds ex parte under Rule 67, subject to Rule 68 where applicable. The court need only form a prima facie view on the genuineness and bona fides of the proposed amalgamation scheme and confirm compliance with the procedural requirements for convening a meeting. Hearing creditors, members and shareholders is reserved for the later notice-and-meeting stage under Rules 73, 74 and 76. The distinction between the preliminary direction stage and the subsequent meeting stage is essential to the workable operation of the scheme provisions. en-us Thu, 04 Dec 2008 00:00:00 +0530 Wed, 08 Nov 2017 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112720 At the stage of a summons for directions under section 391(1) of the Companies Act, the Company Court proceeds ex parte under Rule 67, subject to Rule 68 where applicable. The court need only form a prima facie view on the genuineness and bona fides of the proposed amalgamation scheme and confirm compliance with the procedural requirements for convening a meeting. Hearing creditors, members and shareholders is reserved for the later notice-and-meeting stage under Rules 73, 74 and 76. The distinction between the preliminary direction stage and the subsequent meeting stage is essential to the workable operation of the scheme provisions. Case-Laws Companies Law Thu, 04 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112720