2015 (12) TMI 1701

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.... 1. This application has been filed under Sections 391, 392 & 394 of the Companies Act, 1956 read with Rules 6 & 9 of the Companies (Court) Rules, 1959 by the applicant/transferor company seeking directions of this court to dispense with the requirement of convening the meetings of its equity shareholders, secured and unsecured creditors, to consider and approve, with or without modification, t....

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....under the Companies Act, 1956 on 20th April, 2005 with the Registrar of Companies, Maharashtra at Mumbai under the name and style of Crompton Specialty Chemicals India Private Limited. The company changed its name to Chemtura Chemicals India Private Limited and obtained the fresh certificate of incorporation on 31st March, 2006. Thereafter, the company shifted its registered office from the State ....

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....aced on record and the salient features of the Scheme have been incorporated and detailed in the application and the accompanying affidavit. It is claimed by the applicant that the proposed arrangement will result in establishment of a larger company with larger resources, larger capital base and greater capacity to raise funds for expansion, modernization and development of the businesses of the ....

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.... applicant/transferor company. 9. The Board of Directors of the applicant/transferor company and the transferee company in their separate meetings held on 27th August, 2015 and 26th August, 2015 respectively have unanimously approved the proposed Scheme of Arrangement. Copies of the Resolutions passed at the meetings of the Board of Directors of applicant/transferor company and the transferee c....