2016 (7) TMI 1353

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....plicants. Alok Sharma, Instant Company application has jointly been filed by the applicant companies under Sections 391-394 of the Companies Act, 1956 seeking dispensing with the separate meetings of equity share holders and unsecured creditors of applicant companies for approving the scheme of amalgamation of transferor companies [Fine Mining (Granite) Private Limited] and [Ridhi Sidhi Chem....

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....areholders. They all have given their consent to the scheme of amalgamation. Their consent letters are annexed with the application as Annexure-14. There is no secured creditor of the company and the one unsecured creditor has consented to the scheme of amalgamation. The list of creditor as on 25-5-2016 certified by the Chartered Accountant has been placed on record as Annexure-15. The applican....

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.... of transferor company and 1,34,00,000 (58.26%) equity shares of transferee company. As also the transferor company No.2 and the transferee company have nine common shareholders, who hold 8,200 (82%) equity shares of transferor company No.2 and 1,35,00,000 (58.69%) equity shares of transferee company. Counsel submits that in the facts of the case, there appears no justification in calling the m....