https://www.taxtmi.com/caselaws?id=218765 The Court approved the petition under Section 391 of the Companies Act, 1956, to dispense with convening meetings of Equity Shareholders of the Transferor and Transferee Companies. Separate meetings of Unsecured Creditors were directed to be held, with appointed Chairmen and Co-Chairmen for each company. Specific venues, dates, and times for the Unsecured Creditors meetings were set, along with notice requirements to be fulfilled. The Scheme presented at the Unsecured Creditors meeting would be decided by the majority in number representing three-fourths in value of those present and voting. The matter was adjourned for further proceedings. en-us Thu, 11 Oct 2012 00:00:00 +0530 Fri, 23 Nov 2012 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218765 The Court approved the petition under Section 391 of the Companies Act, 1956, to dispense with convening meetings of Equity Shareholders of the Transferor and Transferee Companies. Separate meetings of Unsecured Creditors were directed to be held, with appointed Chairmen and Co-Chairmen for each company. Specific venues, dates, and times for the Unsecured Creditors meetings were set, along with notice requirements to be fulfilled. The Scheme presented at the Unsecured Creditors meeting would be decided by the majority in number representing three-fourths in value of those present and voting. The matter was adjourned for further proceedings. Case-Laws Companies Law Thu, 11 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218765