2016 (4) TMI 1248

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.... a first motion (joint) application filed by Mona Auto Industries Private Limited (applicant no.1/transferor company) and R.P.L (India) Pharmaceuticals Private Limited (applicant no.2/transferee company) (hereafter collectively referred to as the applicants) under section 391 to 394 of the Companies Act, 1956 (in short the 1956 Act) for approval of the scheme of amalgamation and arrangement (herea....

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.... has been approved by the respective Board of Directors (BOD) of the applicants. Copies of the BOD resolutions of even date i.e. 15.01.2016 have been filed.   4. The applicants aver that there that there are no proceedings pending against them, under Sections 235 to 251 of the Act.  5. The position with regard to shareholders and creditors (i.e. secured and unsecured) of the a....