High Court Karnataka High Court

Bhoruka Agro Greens Limited, vs Nil on 30 July, 2010

Karnataka High Court
Bhoruka Agro Greens Limited, vs Nil on 30 July, 2010
Author: H N Das
IN THE HIGH COURT OF KARNATAKA AT BANGATLQRE. V

DATED THIS THE 30% DAY OF JULY, 2;)   f_    '

BEFORE 43

THE HON'BLE MR. IUSTICEfH,_1\f.NA§§AMOi*ifA;\T:§AS§ 

CA.No.67IL:61Q  %

BETWEEN:

BHORUKA AGRO GREENS LIMITED' -  '
HAVING REGISTERED 'OFEicE AT.' " j_
No.427E, HEBBAL'--INEijUfS'_FR£AL AREA», if; ,
MYSORE~57G036_f*_».V' '-- *   
TRANSFERQR COMPANY   "  ..APPLICANT

(By M/S UDAE TA.SsO:c:F.A*TES, ADVS.)

AND:

     _____  ..RESPONDENT

A  . "-J'.TEIS4AEVRRicA;T1ON FILED UNDER SECTION 392 (1) OF TEE

cOMFANIES."A£_:T', 3956 AND RULE 67 OF THE COMPANIES

 _(cOUR;T) =.fRU};ES 1959, PRAYING TO A MEETING OF
1.   SHAREHOLDERS TO BE HELD AT THE REGISTERED OFFICE OF
  rCQMP'ANY SITUATED AT No.427E, HEBBAL INDUSTRIAL
   AREA, MYSORE - 570 025 OF THE SHAREHOLDERS OF THE
 -ffABQV".El"C0}T\rIPAN"YAND ETC.

This application coming on for orders this day, the court

 ' " " Tnade the following;

/N.



ORDER

In this application the applicant/transferor corriparly-lhaas

prayed for dispensation of meetings of r.

creditors and unsecured creditors.

2- The Chart’-‘Ted ACC0BUtant5ilh£1{;’e issu€Cl1a }:’er”:1ficai:’e~ A

on 5.7.2010 as per Anr1exure–M are only 7
shareholders in the applicar.it7cori1pa:rryi ll shareholders as

per Anr1exure–L series dated”V§.7′:.2O’iA(l:’c.have given no objections

letters, consentirig fi;rV”i:.1jiec»scherlrie_ of amalgamation.

At Anrie5(u’re–M series the Chartered Accountants

have certifi.ed lthat.~~ there is only one secured creditor and they

have’–give’n’ their consent as per Annexure–K for the scheme of

ariialgarnation. The Chartered Accountants have certified that as

‘ per Annexure–l\/E series there are only 4 unsecured creditors. As

per Annexure-I, the four unsecured creditors have given letters

flux?

3
on 17.6.2010 stating that they have no objection to the proposed

scheme of amalgamation.

4. In View of this material on record, the 1 ”

allowed. The applicant company is her;’3hi§} ipcrxnitted

With the holding of meetings of V shareholders, sec11ri:~cl.’credit.ofsl V

and unsecured creditors. Applicant conipany to’-filed the company

DKB