2021 (5) TMI 893

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....Member (T) For the Appellant : Manju Bhuteria, Advocate, N. Gurumurthy, FCA, Madan Kumar Maroti, FCA and Aisha Amin, Advocate ORDER Rajasekhar V.K., Member (J) 1. The Court convened by video conference today. 2. The instant petition has been filed under Section 230(6) read with Section 232(3) of the Companies Act, 2013 ("Act") for sanction of the Scheme of Amalgamation of AUXINITE M....

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....ner Companies, Unsecured Creditors of Petitioner Companies were dispensed with in view of consent by all shareholders of the Petitioner Companies and over 90% in value of such creditors of Petitioner Companies having respectively given their consent to the Scheme by way of affidavits. (b) Meetings directed to be held: No meeting was directed by this Tribunal. (c) No Meet....

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....n affidavit proving service, as aforesaid, has been filed by the Petitioners. The Authorities, as aforesaid, have not filed their representation so far. 5. Upon perusing the records and documents in the instant proceedings and considering the submissions made on behalf of the Petitioners, we admit the instant petition and fix the next date of hearing on 21st May, 2021. 6. At least 10 (ten....

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....earing of the petition, as aforesaid, and state that representation, if any, and if not already filed, should be filed before this Tribunal no later than 7 (seven) days before the next date of hearing of the petition and a copy of such representation should be simultaneously sent to the Authorised Representative of the said Petitioner(s). If no such representation is received by the Tribunal withi....