2012 (10) TMI 308

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....ree Company). A copy of the proposed Scheme is filed along with the application as Annexure-A. 2. The registered offices of the Transferor and Transferee Companies are situated within the National Capital Territory of Delhi and are within the jurisdiction of this Court. 3. The details with regard to the date of incorporation of Transferor and Transferee Companies, their Authorized, Issued, Subscribed and Paid up Capital have been given in the Application. 4. The Copies of the Memorandum and Articles of Association as well as the latest audited Annual Accounts for the year ended 31st March, 2012 of all the Applicant Companies have also been enclosed with the Application. 5. Learned Counsel for the Applicant Companies submits that....

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....f the requirement of convening meetings of Equity Share holders of the Transferor Companies and Transferee Company and Unsecured Creditors of the Transferor Company No.2. 9. In view of the above chart and written consents/NOC given by all the Equity Shareholders of the Transferor Companies and Transferee Company, the requirement of convening their meeting is dispensed with. There is no secured creditor of the Transferor Company no.1 as well as Transferor Company No.2. There are two Unsecured Creditors of Transferor Company No.2; they have given written consents/NOC; the convening of meeting of unsecured Creditors of Transferor Company No.2 is also dispensed with. 10. However, as no consents have been filed on record on behalf of Unsec....

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....as the Alternate Chairperson for the meeting of Un- Secured Creditors of the Transferee Company i.e. MAP. They would be paid a fee of Rs. 50,000/- each. Mr. Shankar Mandal, Cell No. 9811834628 and Mr. Mahavir Singh, Cell No.9968270035 shall provide secretarial assistance to the Chairperson and the Alternate Chairperson. They shall be paid a fee of Rs. 10,000/- each for this purpose. 14. The quorum of the meetings of Secured Creditors and Equity Shareholders of Transferee Company are fixed as follows: Company Secured Creditors Secured Creditors Unsecured Creditors Unsecured Creditors   Number %(percentage) in value Number %(percentage) in value Transferor Company No.1 --- --- 1 10 Trans....