2016 (4) TMI 1263

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....ave been taken out by MGN Agro Properties Private Limited, the Applicant Transferee Company, for appropriate orders for dispensing with the meeting of the Equity Shareholders, Secured and Unsecured Creditors of the Applicant Transferee Company and for considering the Scheme of Arrangement, as annexed at Annexure " S" to the Application. 2. The affidavit filed in support of the Judges' Summons b....

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....nexed at "Annexure -T". A Certificate by the Chartered Accountant is annexed at "Annexure - U" 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 Transferee Company for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of....

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....iabilities 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 extinguished....