IN THE HIGH COURT OF KARNATAKA AT BANGALORE
DATED THIS THE 09""! DAY OF A'
BEFORE
THE HONELE MR. JUSTICE RA'I'v'I~ O
COMPANY APPLICATION NO§'O996 OE2m9
BETWEEN:
vEER--O-METALS .I>RIVA'.IfE LIMITED "*
A COMPANY INCORPORATED_U1'§DER_'THE_
COMPANIES ACT, 1956, H_.£_IVIN(3'1"1'S__A "
REGISTERED OFFICE AT.NOV.A>D2., 2. '-
BEL INDUSTRIA.£,'E_STAfI'E,' '
BANGALORE-3-O g »......,__AppLICANT
{BY SMT. Vi {_3fA;§I"C§[.\B.A1' B A/
AND:," W O E E"
NIL 4- O RESPONDENT
V_T1IISO’A;DI5LICATION””‘IS FILED UNDER SECTION 391
OF CCOMPANIES ACT, I956 PRAYING To MEETING BE
“‘.HEL4U. ~.SI~IAREI+IOLDERS AND CREDITORS OF THE
.AI3=OVE_ COMPANY. FOR THE PURPOSE OF CONSIDERING.
_AND”‘I_F”‘-‘I’I~:.O:IGI;IT FIT, APPROVING WITH OR WITHOUT
‘I.4I_ODIFICAI?I_OI§’S, A SCHEME OF AMALGAMATION
PROPOSED – ‘:60 EE MADE BETWEEN THE COMPANY AND
THE”~SAI.D SHAREHOLDERS AND CREDITORS OF THE SAID
7.__COIvIPANI? AND ETC.
APPLICATION COMING ON FOR ORDERS,
THISDAY THE COURT MADE THE FOLLOWING:
M
0 R D E R
The applicant, a company incorporated under the
Companies Act, 1956, for short ‘Act’, hax*in’g:l~its
registered office at the address shown in the ~
carries on business of manufacturing, pr’oc’ess_ing’~ all it”
kinds of quality precision sheet nadetall iconilponelnts,dfeitcfigip
amongst others, as set out_’in the”-memo: ‘and ” A
Articles of association, Annexure’~vA;” -.
2. The authorised’,v:l’st1’tivscribedland’paid up share
capital of thes_”apfplican-t more fully specified
in paragraphVlV3VVof., jti1e”‘a;f:fi’da*.rit of one Mr Shamsunder,
Managing’tDirectorl*l.of applicant company. The
l3ai2=.1§:1acei’sheet.’madeupto 31.3.2009 Anr1exure-B, duly
attdttedbvl ‘dbysiits Chartered Accountants discloses a its
assets a’n’d”.”liapbilities.
At para 15 of the affidavit, it is stated that
A rt-he».}§oard of Directors of the applicant company have
ll .approved and adopted the Scheme of Amalgamation
rt
_ /’
4
[ii]
enciosing _ copies
4
S€CL1I’€Cl unsecured
2.00
shareholders, and
creditors on 16.01.2010 at 1.00 p.rn.,
p.rn. and 3.00 p.m. respectively, at the
registered office of the applicant company, at
No.A–02, BEL Industrial Estate,
W560 o13. t
of
Managing Director, ffaiiiiig ‘-«hin1.V:M1’s,Renu.
Bangalore
chairmanship
Sham Sunder, Directorttof
company.
The quorurn of Vlnzeleting of”the secured
creditors “shalll-r_ 002;’: {two}. unsecured
creditors shaEl_be 1.0%.: 0 it
Vote’ __lp ermitted;
shall issue individual notices
of the scheme of
arnalgaination, the explanatory statement
“the form of proxy as required under
Section 393 to all the unsecured creditors;
iv} 1
The Company shall cause advertisement of
the meeting in one edition of the Engiish
daily “The Hindu” (Bangalore Edition) and
one edition of the Kannada daily “Samyukta
M
u_n:dle’I’ f j ~._ 2′ _
shagm_–sundenuu*
In
(Vi)
5
Karnataka” (Bangalore Edition) on or before
24–12~2009:
‘1’ he Chairman shall file his report mthinjtwo
weeks from the date of the meeting. 5