Indian Kanoon - Search engine for Indian Law

The meeting of the Equity Shareholders duly convened in accordance with the order dated 23/09/2010, was held on 15th November, 2010..The 47 Equity Shareholders present at the meeting (35 in person and 12 through proxy) voted in favour of proposed compromise or arrangement .The chairman of the meeting has filed a report before this court and the scheme was approved by majority of the members 100% in numbers and 100% in value of the members present and voted at the meeting.

As per the order of admission made on 24/12/2010, in all these petitions, the notices were issued to the Regional Director and to the Official Liquidator in case of Transferor Companies. Notices of petitions had also been published as directed by this Court in Times of India (English Daily) dated 13/01/2011 and Gujarat Samachar (Gujarati Daily) dated 14/01/2011 both Ahmedabad edition. Publication in the Government Gazette had also been dispensed with as directed in the order dated 24/12/2010. No one has come forward with any objection/s to the petitions.