2010 (6) TMI 865

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....icant-Azure Knowledge Corporation Pvt. Ltd. (transferee Company) for an appropriate order holding that the applicant (transferee Company) being the holding transferee Company in the proposed scheme of arrangement/amalgamation of Successcraft Solutions Pvt. Ltd. and While Calls Services Pvt. Ltd. (transferor Companies), the wholly owned subsidiaries of the applicant (Transferee Company), separate p....

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....hareholders of the applicant Company are concerned. 3. The applicant in the Company Application No. 146/2010 viz. Azure Knowledge Corporation Pvt. Ltd. is the transferee Company, which proposes to enter into an arrangement in the nature of amalgamation of two wholly owned subsidiaries viz. White Calls Services Pvt. Ltd., the applicant in Company Application No. 144/2010 and Successcraft Solutio....

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....ghts of the existing shareholders and/or creditors of the transferee Company are not affected in any manner and hence separate proceedings for the said transferee Company are not necessary. 5. Mrs. Swati Soparkar, learned advocate appearing on behalf of the applicant has relied upon the order passed by this Court dated 4th December, 2006 in Company Application No. 619/2006 as well as following ....

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....at it is not necessary for the Holding Company to take out separate proceedings for amalgamation of wholly owned subsidiaries. 6. Heard the learned advocate appearing on behalf of the applicant. 7. Having gone through the aforesaid decisions as well as the order passed by this Court in Company Application No. 619/2006 as well as the scheme of amalgamation, and in light of various judgements ....