2021 (8) TMI 749

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.... Guha, Advocate and Madhuri Pandey, PCS ORDER Harish Chander Suri, Member (T) 1. The instant application has been filed in the first stage of the proceedings under Section 230(1) read with Section 232(1) of the Companies Act, 2013 ("Act") for orders and directions with regard to meetings of shareholders and creditors in connection with the Scheme of Amalgamation of Sri Bhootnath Jewellers....

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....Applicant No. 1: 2 Equity Shareholders, NIL Secured Creditors and NIL Unsecured Creditors. (b) Applicant No. 2: 2 Equity Shareholders, NIL Secured Creditors and 5 Unsecured Creditors having value of Rs. 9589048/-. (c) Applicant No. 3: 3 Equity Shareholders, NIL Secured Creditors and 2 Unsecured Creditors having value of Rs. 1521459/-. 3. It is further submitted that 98% percen....

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....he Applicants, we allow the instant application and make the following orders:- (a) Meetings dispensed: Meetings of the Equity Shareholders of the Applicant No. 1, Meetings of the Equity Shareholders and Unsecured Creditors of the Applicant No. 2 & 3 are dispensed with under Section 230(1) [read with Section 232(1)] of the Act. 6. Notice under Section 230(5) of the Companies Act, 2013 ....

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....pplicants. 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 said Scheme of Amalgamation. Such notice shall be sent pursuant to Section 230(5) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Compromises, Arrangements and Amalgamations) Rules 2016 in Form No. CAA3 of the said Ru....