2021 (10) TMI 541

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.... Appellant : Arani 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 meeting of Shareholders and Creditors in connection with the Scheme of Amalgamation of Raksha....

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....1 Unsecured Creditors having value of Rs. 1,00,000/- b. Applicant No. 2: 2 Equity Shareholders, NIL Secured Creditors and 1 Unsecured Creditors having value of Rs. 25,000/-. 3. The Board of Directors of Transferor Company and Transferee Company have passed at their respective meetings as held on 6th March, 2021 unanimously, approved the said Scheme of Amalgamation. The copies of the re....

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.... Upon perusing the records and documents in the instant proceedings and considering the submissions made on behalf of the Applicants, we allow the instant application and pass the following directions:- a) Meeting dispensed: Meetings of the Equity Shareholders & Unsecured Creditors of the Applicant No. 1 & Applicant No. 2 are dispensed with under section 230(1) read with Section 232(1) of....

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....on, if any, should be filed before this Tribunal within 30 days from the date of receipt of the notice with a copy of such representation being simultaneously sent to the Authorised Representative of the said Applicant Companies. 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 ....