Abhilasha Buildcon Private Limited & Ors. v. Jupiter Township Limited

16. The transferor company no. 14 was incorporated under the Companies Act, 1956 on 19th May, 2008 with the Registrar of

17. The transferor company no. 15 was incorporated under the Companies Act, 1956 on 1st March, 2006 with the Registrar of

18. The transferor company no. 16 was incorporated under the Companies Act, 1956 on 15th June, 2005 with the Registrar of

19. The transferor company no. 17 was incorporated under the Companies Act, 1956 on 13th April, 2005 with the Registrar of

20. The transferor company no. 18 was incorporated under the Companies Act, 1956 on 26th July, 2006 with the Registrar of

21. The transferor company no. 19 was incorporated under the Companies Act, 1956 on 24th October, 2007 with the Registrar of

22. The transferor company no. 20 was incorporated under the Companies Act, 1956 on 11th December, 2006 with the Registrar of

23. The transferor company no. 21 was incorporated under the Companies Act, 1956 on 30th May, 2008 with the Registrar of

24. The transferor company no. 22 was incorporated under the Companies Act, 1956 on 12th April, 1996 with the Registrar of

25. The transferor company no. 23 was incorporated under the Companies Act, 1956 on 22nd January, 2007 with the Registrar of

26. The transferor company no. 24 was incorporated under the Companies Act, 1956 on 1st April, 2005 with the Registrar of Companies,

27. The transferor company no. 25 was originally incorporated under the Companies Act, 1956 on 27th January, 2005 with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi under the name and style of Eldeco Ecoteck Developers Limited. The company changed its name to JMV Ecoteck Developers Limited and obtained the fresh certificate of incorporation on 23rd October, 2006.

28. The transferor company no. 26 was incorporated under the Companies Act, 1956 on 15th March, 2013 with the Registrar of

29. The transferor company no. 27 was incorporated under the Companies Act, 1956 on 6th July, 2007 with the Registrar of Companies,

30. The transferor company no. 28 was incorporated under the Companies Act, 1956 on 28th July, 2008 with the Registrar of

31. The transferor company no. 29 was incorporated under the Companies Act, 1956 on 27th June, 2008 with the Registrar of

32. The transferor company no. 30 was incorporated under the Companies Act, 1956 on 24th February, 2012 with the Registrar of

33. The transferor company no. 31 was incorporated under the Companies Act, 1956 on 24th December, 1999 with the Registrar of

34. The transferor company no. 32 was incorporated under the Companies Act, 1956 on 25th July, 2008 with the Registrar of

35. The transferor company no. 33 was incorporated under the Companies Act, 1956 on 31st October, 1990 with the Registrar of

36. The transferor company no. 34 was incorporated under the Companies Act, 1956 on 26th June, 2008 with the Registrar of

37. The transferor company no. 35 was incorporated under the Companies Act, 1956 on 15th October, 2007 with the Registrar of

38. The transferor company no. 36 was incorporated under the Companies Act, 1956 on 11th January, 2007 with the Registrar of

39. The transferor company no. 37 was incorporated under the Companies Act, 1956 on 1st March, 2006 with the Registrar of

40. The transferee company was incorporated under the Companies Act, 1956 on 3th June, 2008 with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi.

41. The present authorized share capital of the transferor companies nos.1, 2, 6, 7, 8, 9, 10, 11, 13, 15, 18, 19, 20, 23, 26, 27, 28, 29, 30, 32, 34, 35, 36 & 37 are Rs.1,00,000/- each divided into 10,000 equity shares of Rs.10/- each. The issued, subscribed and paid-up share capital of the companies are Rs.1,00,000/- each divided into 10,000 equity shares of Rs.10/- each.

42. The present authorized share capital of the transferor company no.3 is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each. The issued, subscribed and paid-up share capital of the company is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each.

43. The present authorized share capital of the transferor company no.4 is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each.

44. The present authorized share capital of the transferor company no.5 is Rs.20,00,00,000/- divided into 2,00,00,000 equity shares of Rs.10/- each. The issued, subscribed and paid-up share capital of the company is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/each.

45. The present authorized share capital of the transferor company no.12 is Rs.6,00,000/- divided into 60,000 equity shares of Rs.10/- each. Rs.1,00,000/- divided into 10,000 equity shares of Rs.10/- each.

46. The present authorized share capital of the transferor company no.14 is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each.

47. The present authorized share capital of the transferor company no.16 is Rs.10,00,000/- divided into 1,00,000 equity shares of Rs.10/each. The issued, subscribed and paid-up share capital of the company is Rs.10,00,000/- divided into 1,00,000 equity shares of Rs.10/- each.

48. The present authorized share capital of the transferor company no.17 is Rs.25,00,000/- divided into 2,50,000 equity shares of Rs.10/each. The issued, subscribed and paid-up share capital of the company is Rs.1,00,000/- divided into 10,000 equity shares of Rs.10/- each.

49. The present authorized share capital of the transferor company no.21 is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each.

50. The present authorized share capital of the transferor company no.22 is Rs.50,00,000/- divided into 5,00,000 equity shares of Rs.10/each. The issued, subscribed and paid-up share capital of the company is Rs.9,95,000/- divided into 99,500 equity shares of Rs.10/- each.

51. The present authorized share capital of the transferor company no.24 is Rs.25,00,000/- divided into 2,50,000 equity shares of Rs.10/each. The issued, subscribed and paid-up share capital of the company is Rs.1,00,000/- divided into 10,000 equity shares of Rs.10/- each.

52. The present authorized share capital of the transferor company no.25 is Rs.1,00,00,000/- divided into 10,00,000 equity shares of Rs.10/each. The issued, subscribed and paid-up share capital of the company is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each.

53. The present authorized share capital of the transferor company no.31 is Rs.10,00,000/- divided into 10,00,000 equity shares of Rs.1/each. The issued, subscribed and paid-up share capital of the companies is Rs.1,01,632/- divided into 1,01,632 equity shares of Rs.1/- each.

54. The present authorized share capital of the transferor company no.33 is Rs.10,00,000/- divided into 1,00,000 equity shares of Rs.10/each. The issued, subscribed and paid-up share capital of the companies is Rs.9,99,800/- divided into 99,980 equity shares of Rs.10/- each.

55. The present authorized share capital of the transferee company is Rs.5,00,000/- divided into 50,000 equity shares of Rs.10/- each. The present issued, subscribed and paid-up share capital of the company is

56. Copies of the Memorandum and Articles of Association of the transferor and transferee companies have been filed on record. The audited balance sheets, as on 31st March, 2015, of the transferor and transferee companies, along with the report of the auditors, have also been filed.

57. A copy of the Scheme of Amalgamation has been placed on record and the salient features of the Scheme have been incorporated and detailed in the application and the accompanying affidavit. It is submitted by the applicants that with a view to restructure the businesses of various companies so as to reduce the entities into smaller manageable lots and to achieve synergies, diversifications, economies of scale, focused management control, cost reduction, higher net worth resulting in increased borrowing power etc., the Scheme of Amalgamation is proposed amongst the respective companies.

58. So far as the share exchange ratio is concerned, the Scheme provides that, upon coming into effect of this Scheme, the transferee company shall issue and allot equity shares to the shareholders of the transferor companies in the following ratio: “139 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 1.” “17 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 2.” “84 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 3.” “117 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 4.” “26 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 6.” “14 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 7.” “445 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/- each, fully paid up, held by the shareholders in the transferor company no. 8.” “191 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 9.” “329 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 10.” “32 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 11.” “29 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 12.” “385 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 13.” “101 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 14.” “391 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 15.” “149 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 16.” “215 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/- each, fully paid up, held by the shareholders in the transferor company no. 17.” “312 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 18.” “29 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 20.” “100 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 21.” “494 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 22.” “27 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 23.” “152 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 24.” “93 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 26.” “49 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 27.” “230 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/- each, fully paid up, held by the shareholders in the transferor company no. 28.” “381 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 29.” “170 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 30.” “785 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 32.” “1427 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 33.” “19 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 35.” “582 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 36.” “276 equity shares of Rs.10/- each, fully paid up, of the transferee company for every 100 equity shares of Rs.10/each, fully paid up, held by the shareholders in the transferor company no. 37.” It is further provided that the net worth of transferor companies no.5, 19, 25, 31 and 34 is negative so all the shareholders of each of these companies will be issued 01 share each of the transferee company as a token.

59. It has been submitted by the applicants that no proceedings under Sections 237, 243, 250, 250A & 251 of the Companies Act, 1956 or under Sections 210, 214, 215, 216(1), 216(3), 216(4), 217, 219, 220, 223, 224(1), 224(3), 224(4) and 225 of the Companies Act, 2013 are pending against the applicant companies.

60. The Board of Directors of the transferor and transferee companies in their separate meetings held on 6th October, 2015 have unanimously approved the proposed Scheme of Amalgamation. Copies of the Resolutions passed at the meetings of the Board of Directors of the transferor and transferee companies have been placed on record.

61. The transferor company no. 1 has 02 equity shareholders and 01 unsecured creditor. Both the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 1 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no.1, as on 8th October, 2015.

62. The transferor company no. 2 has 02 equity shareholders and 01 unsecured creditor. Both the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 2 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 2, as on 8th October,

2015.

63. The transferor company no. 4 has 07 equity shareholders and 02 unsecured creditors. All the equity shareholders and both the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 4 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 4, as on 8th October,

2015.

64. The transferor company no. 5 has 09 equity shareholders and 04 unsecured creditors. All the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 5 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 5, as on 8th October,

2015.

65. The transferor company no. 7 has 07 equity shareholders and 03 unsecured creditors. All the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 7 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 7, as on 8th October,

2015.

66. The transferor company no. 9 has 07 equity shareholders and 03 unsecured creditors. All the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 9 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no.9, as on 8th October, 2015.

67. The transferor company no. 10 has 07 equity shareholders and 02 unsecured creditors. All the equity shareholders and both the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 10 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 10, as on 8th October,

2015.

68. The transferor company no. 12 has 02 equity shareholders and 01 unsecured creditor. Both the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 12 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 12, as on 8th October,

2015.

69. The transferor company no. 13 has 07 equity shareholders and 03 unsecured creditors. All the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 13 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 13, as on 8th October,

2015.

70. The transferor company no. 14 has 07 equity shareholders and 01 unsecured creditor. All the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 14 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 14, as on 8th October,

2015.

71. The transferor company no. 15 has 02 equity shareholders and 02 unsecured creditors. Both the equity shareholders and both the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 15 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 15, as on 8th October, 2015.

72. The transferor company no. 19 has 06 equity shareholders and 01 unsecured creditor. All the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 19 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 19, as on 8th October,

2015.

73. The transferor company no. 20 has 02 equity shareholders and 01 unsecured creditor. Both the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 20 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 20, as on 8th October,

2015.

74. The transferor company no. 22 has 07 equity shareholders and 01 unsecured creditor. All the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 22 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 22, as on 8th October,

2015.

75. The transferor company no. 25 has 07 equity shareholders and 02 unsecured creditors. All the equity shareholders and both the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 25 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 25, as on 8th October,

2015.

76. The transferor company no. 28 has 07 equity shareholders and 02 unsecured creditors. All the equity shareholders and both the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 28 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 28, as on 8th October,

2015.

77. The transferor company no. 29 has 07 equity shareholders and 02 unsecured creditors. All the equity shareholders and both the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 29 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 29, as on 8th October,

2015.

78. The transferor company no. 31 has 19 equity shareholders. 03 out of 19 equity shareholders, being 15.8% in number and 98.4% in value, have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meeting of the equity shareholders of the transferor company no. 31 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured or unsecured creditor of the transferor company no. 31, as on 8th October, 2015.

79. The transferor company no. 34 has 07 equity shareholders and 01 unsecured creditor. All the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 34 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 34, as on 8th October,

2015.

80. The transferor company no. 35 has 05 equity shareholders and 03 unsecured creditors. All the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 35 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 35, as on 8th October,

2015.

81. The transferor company no. 36 has 04 equity shareholders and 01 unsecured creditor. All the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 36 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 36, as on 8th October,

2015.

82. The transferor companies no. 3, 6, 8, 11, 16, 17, 18, 21, 23, 24, 26, 27, 30, 32, 33 & 37 have 09, 04, 03, 07, 04, 02, 02, 07, 03, 02, 03, 07, 03, 05, 03 & 02 equity shareholders respectively. All the equity shareholders of these companies have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders of the transferor companies no. 3, 6, 8, 11, 16, 17, 18, 21, 23, 24, 26, 27, 30, 32, 33 & 37 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured or unsecured creditor of the transferor companies no. 3, 6, 8, 11, 16, 17, 18, 21, 23, 24, 26, 27, 30, 32, 33 & 37, as on 8th October, 2015.

83. The transferee company has 07 equity shareholders. All the equity shareholders have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meeting of the equity shareholders of the transferee company to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured or unsecured creditor of the transferee company, as on 8th October, 2015.

84. The application stands allowed in the aforesaid terms. Dasti SUDERSHAN KUMAR MISRA, J. December 10, 2015