2017 (12) TMI 1605

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....based on the Application filed by the Applicants in (CAA)-114(ND)/2017 in relation to the Scheme of Amalgamation as contemplated between the Applicants. Perusal of the Application shows that while this Tribunal had dispensed with the meetings of equity shareholders and unsecured creditors of all the three Applicant Companies as well as secured creditors of the second and third Applicant Companies under the circumstances stated therein had directed the Applicant Company-I to convene the meeting of Secured Creditors on 24^th November, 2017 under the chairmanship of Mr. Rajiv Kumar, Advocate and Mr. Man Sumer Singh, Advocate appointed as Alternate Chairperson as well as Scrutinizer for the above said meeting. The Applicants aver in the Applica....

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....of 2007 in the matter of Re: AEZ Infratech Pvt. Ltd. and in the circumstances submits that the Application may be ordered as prayed for. 2. This Tribunal has considered the plea of the Applicants. It is seen from the averments made in the Application as also the report of the independent Chairperson appointed to chair the meeting, that the Applicants had complied with the directions of this Tribunal in calling the meeting as well as in relation to the convening of the said meeting of Secured Creditors by Applicant Company No. l on the date fixed by this Tribunal. However, in view of the absence of any Secured Creditors, the meeting was not able to be held. It is also evident from the report of the Chairperson dated 24.11.2017 as well as ....

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....ll be Rs. 50,000/- and the fee of the Alternate Chairperson shall be Rs. 25,000/- in addition to meeting their incidental expenses. The Chairperson will file his report within a week from the date of holding of the above said meeting. 3) The meeting shall be convened on 29^th January,2018 at 11.00 AM and the venue for the meeting shall be as follows: 9^th Floor, Mohan Dev Building, 13, Tolstoy Marg, New Delhi-110001 4) The quorum for the meeting shall be 2 Secured Creditors or 50% in value term. 5) Individual notices along with explanatory statements, proxy form, scheme of amalgamation shall be sent to all the Secured Creditors of Applicant Company No. I by registered post as well as delivered by hand and an....