2015 (9) TMI 1589

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....red by Zenitex Mill Private Limited (the Resulting Company) under Sections 391 and 394 of the Companies Act, 1956 in a proposed Scheme of Arrangement in the nature of De-merger and Transfer of Processing and Windmill Divisions of Zenith Silk Mills Private Limited of Zenitex Mill Private Limited and Restructure of Capital of both the Companies. 2. In this regard, the present application is filed....

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....Shareholders and Creditors of the Company as well as confirming the receipt of the consent letters from all the Equity Shareholders as well as the Creditors. It is, accordingly, prayed that the meetings of the Equity Shareholders and Unsecured Creditors is not essential for the consideration and approval of the said scheme, as required to be held under the provisions of Section 391(2) of the Compa....