2011 (3) TMI 1722

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....present application is filed for dispensation of the meetings of equity shareholders, unsecured lenders and unsecured creditors as required under section 391(1) of the Companies Act, 1956, pursuant to the obtaining the individual consent letters of the members of the above classes waiving their right to attend the respective meetings. The members of the above classes have approved the scheme and g....

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....ting for waiver of right to attend the meeting, the learned advocate for the applicant prayed for necessary direction for convening and holding of the meeting of the secured creditor of the applicant [transferee company]. The learned advocate for the applicant has submitted that, as principally all seven secured creditors have given their consent but as necessary consent terms as required for waiv....