2016 (7) TMI 1455

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ons Private Limited, with the Acquire Services Private Limited under Sections 391-394 of the Companies Act, 1956 read with Rule 67 of the Companies (Court) Rules, 1959 for the composite scheme of arrangement between InterGlobe Enterprises Limited, Transferor Company, InterGlobe Real Estate Ventures Private Limited, (Resulting Subsidiary No.1) and InterGlobe Business Solutions Private Limited, (Resulting Subsidiary No.2) with the Acquire Services Private Limited, Transferee Company for approving a Scheme of Arrangement. The Scheme proposes demerger of the Real Estate Undertaking and the IT Support Services Undertaking of the Transferor company and vesting of the same with the Resulting Subsidiary No.1 and Resulting Subsidiary No.2 on a going....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y holding 99% shares and the balance 1% shareholding through a Nominee Ms. Rohini Bhatia. The equity shareholders of the Resulting Subsidiary No.2 have given their consent to the scheme. List of shareholders, certified by the Chartered Accountant is enclosed as Annexure 23 & 30. It has been submitted that in view of consent of the shareholders, their meeting be dispensed with. The Resulting Subsidiary No.2 has no secured creditor or unsecured creditor. In this regard the Chartered Accountant has issued certificate, which is enclosed as Annexure-24. The transferee company has four equity shareholders, the Transferor is one of the four shareholders, holding 45.05% equity shareholding. The other three shareholders Rahul Bhatia, Ms. Rohini B....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ace 1. Secured creditors 12.00 Noon  Hotel IBIS Civil Lines Area   Sept. 03, 2016 Near Civil Lines Metro Station     Ajmer Road Jaipur     Rajasthan-302006 3. Unsecured Creditors 01.00 PM on  Hotel IBIS Civil Lines Area   Sept. 03, 2016  Near Civil Lines Metro Station     Ajmer Road Jaipur     Rajasthan-302006   For convening the aforesaid meetings Mr. Zubin Mehta (for secured creditor), and Mr. Dinesh Bishnoi (for Unsecured Creditors) are appointed as Chairperson, for which each of them shall be paid the remuneration of Rs. 50,000/- by the applicants. The applicants shall pay the amounts as dir....