2021 (8) TMI 1055

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....ith 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 for amalgamation of EURASIA PUBLISHING HOUSE PRIVATE LIMITED being the Applicant No. 2 above named ("Transferor Company " or "Applicant No. 2") with CHHAYA PRAKASHANI LIMITED, being the Applicant No. 1 above named ("Transferee Company" or "Applicant No. 1") whereby and where under the Transferor Companies are proposed to be amalgamated with the Transferee Company from the Appointed Date, 01st April, 2020 in the manner and on the terms and conditions stated in the said Scheme of Amalgamation ("Scheme"). 2. It is submitted by Ld. counsel appearing for the Applica....

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....mber of UNSECURED CREDITORS : 2 as on 20th February, 2021 6. It is further submitted that all Equity Shareholders of the Applicant Companies have already given their consent to the Scheme by way of affidavits which are annexed to the application. 7. It is further submitted that Secured Creditors of Applicant No. 2 have been paid subsequent to the filing of Company Application and the account closure and no dues certificate issued by the Secured Creditor have been annexed to the Interlocutory Application. 8. It is further submitted that Unsecured Creditors of Applicant No. 1 representing 91.66% of the value of the unsecured Creditors have already given their consent to the Scheme by way of affidavits which are annexed to the Applica....

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....e dispensed with in view consent by 100% in value of Unsecured Creditors of Applicant No. 2 having respectively given their consent to the Scheme by way of affidavits. b. No requirement of Meetings Secured Creditors of Applicant No. 1 NIL Creditors verified by auditors certificate. Secured Creditors of Applicant No. 2 have being fully paid of subsequent to the filing of Company application. c. Meetings to be held No meeting is required to be held. 13. Notice under Section 230(5) of the Companies Act, 2013 along with all accompanying documents, including a copy of the aforesaid Scheme and statement under the provisions of the Companies Act, 2013 shall also be served on the: a. Regional....