2016 (3) TMI 1249

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.... For Applicant Mr. Deepak Diwan 1. This is a first motion (joint) application filed by Ecotrust Capital Private Limited (i.e. applicant no.1/transferor company), Chemical and Metallurgical Design Company Limited (i.e. applicant no.2/ transferee/demerged company), Unisystems Packers (i.e. applicant no. 3/resulting company no. 1) alongwith Talentgenie Consultants Private Limited (i.e. applicant n....

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....three vertical business: (i) a high end business centre; (ii) an investment business, whereby, investments are made in shares, securities, mutual funds and other financial instruments; and (iii) an industrial division, which is situate on an industrial plot located in the Okhla Industrial Area, on which, it proposes to set up a packaging industry. 1.4 The scheme envisages the amalgamation of ap....

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....s with respect to the applicants' authorized, issued, subscribed and paid-up capital are set out in paragraph 2 of the scheme. 3.1 Copies of Memorandum and Articles of Association as well as the latest audited annual accounts as on 31.03.2015 of the applicants have been filed by the applicants. 4. The applicants aver that there that there are no proceedings pending against them, under Sectio....

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....refore, as is obvious, no requirement of convening the meetings with respect to that class of creditors. 7.1 A prayer has been made to dispense with the requirement of convening meetings of the shareholders of the applicants and unsecured creditors of the transferee/demerged company. The letters of consent submitted by the shareholders have been seen and examined. They are found in order. Simil....