2016 (4) TMI 1265

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....n taken out by Welspun Infra Developers Limited, the Applicant Transferor Company 6, for appropriate orders for dispensing with the meeting of the Equity Shareholders, Secured and Unsecured Creditors of the Applicant Transferor Company 6 and for considering the Scheme of Arrangement, as annexed at Annexure" H" to the Application. 2. The affidavit filed in support of the Judges' Summons by M....

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.... annexed at "Annexure -I(Colly)". A Certificate by the Chartered Accountant is annexed at "Annexure - J" certifying the list of Equity Shareholders. 4. It is further submitted by Ms.Raval that convening and holding the meeting of the Secured Creditors of the Applicant Transferor Company 6 for the purpose of considering and, if thought fit, approving, with or without modification(s), the propose....

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....an its liabilities and as such sufficient to discharge the liabilities.It is further submitted that all the creditors of the Applicant Company will be paid off in the ordinary course of business. Under the Scheme no sacrifice is called for from the creditors and no compromise is offered to any of the Creditors and neither is any liability of the Creditors under the Scheme being reduced or extingui....