https://www.taxtmi.com/caselaws?id=339431 The Delhi High Court dispensed with convening meetings of the equity shareholders, secured creditors, unsecured creditors and, where applicable, preference shareholder for consideration of a composite scheme of arrangement, because the applicant companies had placed on record the necessary consents, no-objection letters and proof of repayment or consent for outstanding unsecured debt. The scheme had been approved by the respective boards, the registered offices were within the Court's jurisdiction, and the filings under the Companies Act, 1956 and applicable Rules were found to be in order. On that basis, the requirement to hold meetings was waived and the application was allowed. en-us Fri, 10 Feb 2017 00:00:00 +0530 Mon, 27 Feb 2017 10:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339431 The Delhi High Court dispensed with convening meetings of the equity shareholders, secured creditors, unsecured creditors and, where applicable, preference shareholder for consideration of a composite scheme of arrangement, because the applicant companies had placed on record the necessary consents, no-objection letters and proof of repayment or consent for outstanding unsecured debt. The scheme had been approved by the respective boards, the registered offices were within the Court's jurisdiction, and the filings under the Companies Act, 1956 and applicable Rules were found to be in order. On that basis, the requirement to hold meetings was waived and the application was allowed. Case-Laws Companies Law Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339431