High Court Karnataka High Court

Hangyo Icecreams Private Limtied vs Nil on 5 March, 2009

Karnataka High Court
Hangyo Icecreams Private Limtied vs Nil on 5 March, 2009
Author: H.G.Ramesh


cm. 129120322

1?§S CA CONHNG-ON FOR 0RBERs,z%ns’m@f”@Hefuj\_

CCBURT MADE THE FOLLOWING:

0RDERvW*»

This Company appfieatjon__.byAPe1a 11Agyo

Private Limited filed under of E the
Companies Act, 1956, the
meetings of the sharehelt}efe,.
creditors Scheme of

amaigamationat

2. for the applicant _

Company fiieited my attenfion to

Hi), 9 of the affidavit of the

of the app1icant~Company which

_ – read’

x X ” .,1_.A’«’V’7′(‘:’) It is submitted that the compcmy
7 (Seven) Equity and 7 (Seven) ‘A’ Class
shareholders. It is submitted that at!
the shareholders of the Applicant Company
have given ‘No Objection’ to the Scheme. The
“No-Objection’ letters cf the shareholders of

Viéiew of the ‘no objection’ letters of the shareholders

C.A.129.{2@T

the Applicant Company are
Anzmxvnzwseries.

8. me Appumnt company 2d-(raid; I
secured creditor/s. It is’ I ‘
secured cre_ditor/s of the
has/have given ‘No .Obje¢t*£a§i’*t6’*the
The ‘No secured
creditor/s of the :3

marked .

the nature of Trade
credimys, Iris that the Applicant
aVgoi}1g”‘éoncem and the Ifhade
being qyfected by the
I their dues are being deamd in
course of business of the
L minimum credit period. Hence
the ~ of the unsecured credfiom may

.. x be? required. ‘

‘ Having regard to the facts of the case and in

which are at Annexum–“F” series and ‘no objection’ by

wy

” – é kggfimcauag ancisized.

cm. 129129.99

the secured creditors at A.zmexure~”G” series axici’ a5.__sf5

is stated that the dues of the ”

would be cieared in the normal C(:)]..II’S§3 §)«f

the Company, I deem it E1j.f.ipIf(.)[I)I’ié1’i¢ 1..7(V)

following order:

The to

sha1ehc¥l§:ie3T;’S.,_.F V. ‘ and
Lér::dimjs% A to the
corisjdexatibii» ‘f 1- .. é ‘ of ‘ ‘” thé scheme of

arnalgatfiatjén.

Sd/—

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