2020 (9) TMI 603

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....Applicants : Mr Ahmed M Chunawala, i/b Rajesh Shah & Co, Advocates ORDER Per: Rajasekhar V. K., Member ( Judicial ) 1. The Bench is convened by videoconference today. 2. The Applicant Companies state that the present Scheme is a Scheme of Merger by Absorption of Proline India Limited (Transferor Company) with Cravatex Brands Limited (Transferee Company) and their respective Shareholders(the Sc....

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.... with in view of the consent affidavits given by the eightEquity Shareholders of the Applicant Company No.2, which are annexed as 'Exhibit N' collectively to the Company Application. 6. The convening and holding the meeting of the Preference Shareholders of the Applicant Company No.2 for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme....

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....h a direction that they may submit their representations, if any, to the Tribunal and copy of such representations shall simultaneously be served upon the Applicant Company concerned. 8. It shall be the duty of the Applicant Company concerned to ensure that every creditor of the company is put on notice as regards the Scheme. Objections, if any, will be considered at the time of final hearing for....

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....tor, High Court, Bombay, pursuant to section 230(5) of the Companies Act, 2013and as per rule 8 of the Companies (Compromises, Arrangements &Amalgamations) Rules, 2016. The Tribunal hereby appoints M/s PC Ghadiali & Co., Chartered Accountants having address at No.206, Arun Chambers, Tardeo, Mumbai 400034; Mobile: +91-98210-96137 to assist the Official Liquidator in scrutinising the books of the Tr....