2020 (9) TMI 603

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.... : Member ( Technical ) For the 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 Compan....

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.... modification(s) the proposed Scheme is dispensed 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, ....

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....d under section 230(3) of the Companies Act, 2013 with 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 a....

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....mpanyshall serve notice of the Scheme upon Official Liquidator, 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 ....