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    <title>2014 (7) TMI 1356 - KARNATAKA HIGH COURT</title>
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    <description>The court approved the scheme of amalgamation without convening a meeting of shareholders and creditors, as all necessary consents were obtained. The applicant company, with two equity shareholders and one preference shareholder, along with an unsecured creditor, received consent for the scheme. Since there were no secured creditors involved and all relevant parties consented, the court dispensed with the requirement for a meeting. The application was granted, allowing the scheme to proceed without convening a formal meeting, with a directive to file the petition within two weeks.</description>
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      <link>https://www.taxtmi.com/caselaws?id=299775</link>
      <description>The court approved the scheme of amalgamation without convening a meeting of shareholders and creditors, as all necessary consents were obtained. The applicant company, with two equity shareholders and one preference shareholder, along with an unsecured creditor, received consent for the scheme. Since there were no secured creditors involved and all relevant parties consented, the court dispensed with the requirement for a meeting. The application was granted, allowing the scheme to proceed without convening a formal meeting, with a directive to file the petition within two weeks.</description>
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