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    <description>Consent affidavits from all equity shareholders and secured creditors, together with consent from all unsecured creditors of the transferor company and the absence of unsecured creditors in the transferee company, justified dispensing with the respective meetings for the proposed composite amalgamation. Statutory notice was also directed to be served on the Central Government through the Regional Director, the Registrar of Companies, the Income Tax Department, the Official Liquidator and other concerned authorities so they could examine the scheme and place their responses before the Tribunal.</description>
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