2016 (4) TMI 1258

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....nature of Demerger and Transfer of the Investment Business of SPS Share Brokers Private Limited to Khandwala Enterprise Private Limited, is proposed under Sections391 to 394 of the Companies Act, 1956. It has been submitted that the Demerged Company has its registered office in Mumbai and hence the requisite proceedings have been undertaken before the High Court of Judicature, Bombay. 2. The pr....

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....nsation is sought from convening the meetings of the Equity Shareholders of the Applicant Company. Considering the facts and circumstances and the submissions advanced, the same is, hereby, granted. 5. The attention of the Court is drawn to paragraph16 of the Affidavit in support of the Judges' Summons, whereby it has been submitted that the rights and interests of the Creditors of the Appl....