Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2011 (3) TMI 1469

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rector. ORDER 1. This is a second motion petition preferred under sections 391 to 394 of the Companies Act, 1956 read with Rules 79 to 84 and 87 of the Companies (Court) Rules, 1959. 2. The petitioner Company pleads that it has been registered under the provisions of the Companies Act, 1956 (hereinafter referred to as the 'Act') with its registered office at village Kunj, Rampur Ghat, Road, Pao....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....January, 2010 to Nitin Pharmaceutical (P.) Ltd., granting exemption from holding the meeting of the sundry creditors. The order has been filed in this petition at page-148 as Annexure : P. The petitioner seeks permission for exemption of the meeting of the secured and unsecured creditors and share holders. Along with the petition, the petitioner has filed affidavits of the sundry creditors (60 af....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ition under sections 391 to 394 of the Companies Act, the learned Court, after considering the objections of the Deputy Registrar of Companies who appeared for the Regional Director, held that the objections raised by the Registrar were no longer tenable. The Court, therefore, proceeded to direct:- "In my opinion, in view of the aforesaid Board Resolution, the objection raised by the Regional Dir....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....394 of the Act that the Scheme of Amalgamation annexed as Annexure-L (wrongly mentioned as Annexure-G in prayer clause (a) of the prayer clause) with this petition be sanctioned and a declaration to the effect that it is binding on Nitin Pharmaceuticals Private Limited and Nitin Life Sciences Limited and also on their respective shareholders and creditors. 5. Reply affidavit has been filed by the....