2016 (1) TMI 1319

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....br>HON'BLE MR. JUSTICE RAJIV SHAKDHER Mr Vijay Nair, Adv. For the Applicant ORDER Rajiv Shakdher 1. This is a first motion application, which is jointly moved by applicant no.1 to 4/ transferor companies and applicant no.5/ transferee company (hereafter collectively referred to as the applicants) under Section 391 and 394 of the Companies Act, 1956 (in short the Act) in connection ....

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....f the applicants as on date. 6. The proposed scheme has been approved by the respective Board of Directors (BOD) of applicants. The copies of the BOD resolution of the applicants of even dated 16.11.2015 have been filed. 7. The status of the shareholders, secured and unsecured creditors of the applicant companies and the consent obtained by them for the proposed scheme is set out in the tabl....