2004 (2) TMI 711

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....his Company Application the applicant - Company has approached this Court with prayer for getting orders of dispensation of convening and holding meeting of its shareholders. The applicant Company, the Transferor Company, is a wholly owned subsidiary of Cadila Healthcare Limited, the Transferee Company. The shareholders have given their consent at Annexure-E (Colly. Page 34 to 40) to the applicati....

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....h 15 of the application and Balance-Sheet to show that the applicant - Company and the Transferee Company are profit making companies. Mr.Thakore relied upon the order dated 31.01.2003 passed in Company Application No.30 of 2003 wherein this Court dispensed with the meeting of the creditors. The meeting of the Unsecured Creditors and Secured Creditor is not required to be called for as the rights ....