2004 (4) TMI 630

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....applicant - Company with Transpek Industry Limited (the Transferee Company). The applicant is a Transferor Company who has entered into an arrangement in the nature of amalgamation with Transpek Industry Limited. Mrs.Soparkar states that the Transferee Company is the holding Company of the applicant Transferor Company holding 100% shares of the Transferor Company. Hence, it is submitted that the T....

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....states, on the basis of the balance sheet of the applicant Company, that there are no Secured Creditors. That in light of the fact that all the Equity Shareholders and Unsecured Creditor of the applicant Company have given their consent to the proposed Scheme of Amalgamation, the meeting of the Equity Shareholders and Unsecured Creditor may be dispensed with for approving the Scheme of Amalgamatio....