2012 (12) TMI 1139

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....ections 391 & 394 of the Companies Act, 1956 (for short, 'Act'), in connection with the Scheme of Amalgamation{for short, 'Scheme'} between TIRUPATI BUILDPLAZA PRIVATE LIMITED (hereinafter referred to as 'Transferor/Applicant Company') and Gupta Promoters Private Limited (hereinafter referred to as 'Transferee Company'). A copy of the proposed scheme is filed along with the Application. 2. The re....

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....ed, is a wholly owned subsidiary of the Transferee Company. The two companies are under the same management and control. It is therefore proposed to amalgamate the Transferor Company with the Transferee Company to expand and increase the asset base of the Transferee Company. 7. Learned Counsel for the parties submits that no proceeding under Sections 235 to 251 of the Act is pending against the A....

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....ails Percentage Details of Consents Gupta Promoters Private Limited , 804A, 8th Floor, Signature Tower,South City I, Gurgaon Haryana 9,49,999 99.99% Not Required in view of Resolution dated 1.9.2012 of TransfereeCompany (Annexure A-8) Mr. Sandeep Gupta, Nominee of Gupta Promoters Private Limited 1 .001% Not Required in view of Resolution dated 1.9.2012 of TransfereeCompany (Anne....

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.... 12. The Company has two unsecured creditors, whose no-objections have been placed on record. A prayer for dispensation of the requirement of convening meeting of Unsecured Creditors as been made in view of the no objections. 13. In view of the fact that the entire share capital of the Transferor Company is held by the Transferee Company and in view of written consents/NOC given by unsecured cred....