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2021 (5) TMI 893

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....anju 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 MARKETING LIMITED the Petitioner Company No ....

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....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 Meetings required: Secured Creditors of Petitioner Companies, NIL creditors verifi....

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....ities, 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) clear days before the said date fixed for hearing, the Petitioners shall cause notice of hear....

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....iled, 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 within such period, it shall be presumed that such Authorities have no representation to make on the s....