2012 (12) TMI 1139

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....tion Application has been filed under Sections 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....

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....ith the applications.  6. The Transferor Company, it is submitted, 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....

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.... of consents is as under :  Shareholders : (2: Transferee Company and its nominee) NAME Details Percentage Details of Consents Gupta Promoters Private Limited , 804A, 8^th 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, Nomi....

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....nd paid up capital of the transferor company is held by the Transferee company.  11. A prayer has been made for dispensation of the requirement of convening meeting of Secured Creditors as the transferor company has no secured creditor. 12. The Company has two unsecured creditors, whose no-objections have been placed on record. A prayer for dispensation of the requirement of convening m....