IN THE HIGH COURT OF KARNATAKA AT BANGAIEORE
DATED THIS THE 04% DAY OE AUGUS'IT.:'_:20"1'€j ; f _
BEFORE
THE HON'BLE MR. IUs'1"1c_E -
cA.No.6552:.2_Q;Q A
BE EN: O '4
QUALITY ENGINEER11\EG ' E _
TECHNOLOGIESEREVAEE L:IvEfrE_1'3~..j;--__ '
REG:OFFICE: TQ'WERs,_ "
'
MAHADEVAEUMEEV O
BANG1\ELOR'4EOA>'5?50_E0;:1%V3; _ .
TRANSFEROR V COM:>.A1¢Y%'1~1p.':2 _ ..APPLICANT
(By M/s ].sAGAR ASs.ocIA'EE;ls, AMUEALI 81
3 IfER}i;[(AL K'; 'ADvs.,)
A HEE: E
..RESPONDEN'1"
"E1~§1s APPLICATION FILED UNDER SECTION 391 OE THE
~ COMPANIES ACT, 1956 PRAYING FOR DISPENSE WIT}-I AND/OR
CONVENING SEPARTE MEETHVGS OF THE EQUITY
SHAREHOLDERS AND CREDITORS OF THE APPLICANT
" 'COMPANY FOR APPROVING THE SCHEME OF AMALGAMATION
AND ETC.
K-.;"'
J-
This application coming on for orders this day, thecourt
made the following; 0
ORDER
In this application, the applicant/t._rans£feror” has 0
prayed for dispensation of meeting of share_ holdersand, credjitors.’
2. Learned Counsel foyr..thevap’plicant ‘company has filed
a memo dated 30.7.20l0l of the list of
shareholders of”thei_’-applicant.:…company.ycertified by a Chartered
Accountant.eeistjating;thatiethe applicant company has 3 equity
shareholders, and “theyii’}1aye_given no objection to the proposed
Scheme of Amalgamation as per Annexure-«I. it is submitted that
the” ap;pil’icantt_. company has one secured creditor as per the
by the Chartered Accountant at AnneXure–K
and theyahaye given no objection to the Scheme as per Annexure-
C” The applicant company has 156 unsecured creditors as per the
list at AnneXure–M out of Which 100 unsecured creditors
constituting majority in number and more than 96% in value of
cs.
Q3′-‘N
the unsecured creditors of the Applicant company have given no
objection to the Scheme as per Anr1exure–N series.
3. In View of this material on rec:ord’,”tr”1’e.:ap.p1ir:a’tiV0I1r.is”
hereby allowed. The applicant c0mp”any?_’pis”
dispense with the holding r)£:’–v.:rr'”1″eieting.§s ‘..Qf andhi
creditors. Applicant conipariy trjhnfile’ Vxéompanyv petition Within
15 days.
me