{"id":15956,"date":"2010-03-03T00:00:00","date_gmt":"2010-03-02T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/mindtree-wireless-private-vs-nil-on-3-march-2010"},"modified":"2017-09-05T16:02:58","modified_gmt":"2017-09-05T10:32:58","slug":"mindtree-wireless-private-vs-nil-on-3-march-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/mindtree-wireless-private-vs-nil-on-3-march-2010","title":{"rendered":"Mindtree Wireless Private &#8230; vs Nil on 3 March, 2010"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">Mindtree Wireless Private &#8230; vs Nil on 3 March, 2010<\/div>\n<div class=\"doc_author\">Author: H N Das<\/div>\n<pre>MR. SI+I:mKAfEAI\u00a7'RAM2\\CIL\u20ac&amp;NI3RAN\"\n\n-1-\n\nIN THE HIGH comm 01%' KARNATAKA AT B5;\u00a7\"G\u00a7;I4i\u00e9&gt;R\u00a7i. \n\nDATED THIS THE) 3% my Q}? MARCH-:2G:10t  _  %  \n\nBISFOREZ'-._\n\nTHE) I-\u00a7ON'i'3LE MR.JUsT1&lt;\u00a7\u00a7: ;xt:\u00a2.\u00bb;;;AM%orm:%p.as %  %\n\nCOMPANY A9PLIcA:#\u00a7{;Np;Q: 33;2\u00e91Q% \n\nBETWEEN:\n\nMmm&#039;-REE WIRELESS :\u00a7&#039;R1{\\&#039;ATE LEMHED\n\nA C{)MPA.NY_ .\u00a3I1=JC\u20ac\u00a7_I\u00a7}&#039;O.RAfI*ED --..&#039;UN}Z)ER THE\nPROVISIONS QHTHE c0MPA:sziES Am&#039;, 1956\nAND *5EE_(5\u00a7.STER1%3B..Oi\u00a5&quot;FICE\n\nAT GLOBAL V&#039;\ufb02;LAGE, _   \n\nRVC13 POST,&#039; \u00a3)FF&#039;ijMY3,Oi11E&#039;*~ROAD\nBANGALORE, KARNATAI~i;A&quot;REPTD.,\n\nBY ITS DIRECFOR F&#039;Ii{\u00a5ANCE,\n\n. . APPLICANT\n\n{ %%B&#039;:f_L++ %:~;z;i;c3;..}n\u00e9*;*$JIg%~. LEGAL\n\n&#039; &#039;CE&#039;1his &#039;3.ppIica\ufb01.cn is \ufb01led. under Sm-;s.391 in 394 of\n\nVA  f}:sV&#039;\u20ac4:mt\u00e9.paI1i\u00a2s Act, 1956 with a prayer ta conzmnc the\n-   and &quot;tie aymini the Chairman ta hold th\ufb01 said\nT _  x&#039;n.ez3ti11g and to report the result to the court.\n\nThis application cizzsming an for orders this day, the\ncaurt made the fo\ufb02ow\u00e9xxgg\n\n\n\n-2&#039;\nORDER\n<\/pre>\n<p>In this appiicatien \ufb01led under Sections   _  <\/p>\n<p>the Companies Act, 1956 (&#8216;the  &#8216;}5i\u00e9t&#8221;&#8216;,\u00ab A_t}&#8217;\u00a3*1_e -; <\/p>\n<p>Mindtsree Wirelesss Private Limited  %%%co*m;p\u00a7:;y) <\/p>\n<p>has sought for sanction of the &#8220;of  at<br \/>\nA:mexure-A by which<br \/>\nto be merged with   i\ufb01\ufb01iited-&#8216;\u00a3&#8217;ransferee<br \/>\ncompany.       &#8216;<\/p>\n<p>2% Ii.  &#8216;.:&#8217;1e&#8217;\u00a3\u00a733i\u00e9d counse: for the<\/p>\n<p>appIica\u00a7it,_ &#8221; &#8216;<\/p>\n<p>3.  Campany was incorporated on<\/p>\n<p>.&#8211;.23.? u1;1de\u00bbr the.._name and style of Kyocera Wirelsss<\/p>\n<p> *{It1r;1Via}. _  &#8211;Lirmited in the State of Karnataka.<\/p>\n<p>Sub\u00e9\u00a7iqu\u00e9;itif;%&#8217;;,_  name has ban changed to Mindtree<\/p>\n<p> &#8216;Wi1&#8217;e1::&#8217;s:: Private Limittzd w.e.f. 1.12.2009. The regstered<\/p>\n<p>   &#8216;&lt;;_rf the applicam: -~ cc\u00e9mpany is situated at Global<\/p>\n<p>   RVCEL&#039; post, O\ufb01&#039; Mysroe road, Bangalore 5600593<\/p>\n<p>4. The appiimnt \u00ab&#8212;- company was incnrporated to<br \/>\ncarry an the busirxess; 0;!&#8217; \u00e9eveiapixzg an\u00e9 pmviding<br \/>\nseftware $ystem and software app\ufb01catisn services for<\/p>\n<p>-&#8220;1171 &#8216;vvi<\/p>\n<p>-3.&#8217;<\/p>\n<p>application implementation, intogratiorx, <\/p>\n<p>and various upgrade service for   3  <\/p>\n<p>telecommunications equipment eto,  j; <\/p>\n<p>5. &#8216;\u00a7&#8217;ho Board of }V3i1jectof3_&#8221;&#8221;of tljgd. <\/p>\n<p>Transferor company on 19.  &#8216;hoveV\u00e91pproVire&lt;if\u00a7the draft<br \/>\nScheme of  pecessaxy<br \/>\nresolutions. The   The<br \/>\napplicant \u00ab-   &#039;shareholders, in<br \/>\nView of the     the moetjxlg of the<br \/>\nsharehoildegoo  There is only one<\/p>\n<p>seemed oraditor&#039;  bank Ltd., The said Bank<\/p>\n<p>has  oxteizdedyiis oonserzt to the proposed scheme of<\/p>\n<p>V.  amp \ufb01igdm&#039; :&quot;\u00e9iAi&#039;\u20ac}&#039;\ufb01.&#039;V<\/p>\n<p> ._   company seeking for permission to<\/p>\n<p>V V&#039; hoid ffrze  of the unsecured creditors.<\/p>\n<p> K   &quot; +I~\u00a7oIv1ioe, I pass tho following order &#8211;<\/p>\n<p>(1) The application is allowed;<\/p>\n<p>(ii) The applicant company is permitted to<br \/>\nhold the meeting of the unsecured<br \/>\ncreditors on 20,4.2010, at 4 p.m., at<br \/>\nits rogistere\u00e9 office at Global village,<\/p>\n<p><span class=\"hidden_text\">(121)<\/span><\/p>\n<p>K<\/p>\n<p> &#8216;iiiyl.\n<\/p>\n<p>W1)<\/p>\n<p> meditao\ufb01 of<br \/>\n I&#8217;r1dian Express&#8221; (English daily) and<br \/>\n  in Kannada,<\/p>\n<p>..4_<\/p>\n<p>RVCE<\/p>\n<p>Bangaiore under the  0:&#8217;.  <\/p>\n<p>M:r.Rostow Ra;m\u00e9i\ufb01t1a;&#8221;:,.A_ Clhief  &#8221; F_i31_7a;iici3;1<\/p>\n<p>Qf\ufb01cer of t11 &#8216;c   -.\n<\/p>\n<p>ramng  Mr; % %   NS.\u00bb 7 %<\/p>\n<p>Chief Exegguriye &#8221;  \u00a2mcer  of the<\/p>\n<p>The  ._ &#8220;i$sue individual<\/p>\n<p> V_.I1OtiC'(\u00a7S &#8212; \ufb01g  creditors of<\/p>\n<p>V &#8216; \\,&#8217;t\u00e9h{fv   V  \u00e9giixipany mentioning<\/p>\n<p>   &#8216;and place of the<br \/>\n&#8216;   <\/p>\n<p> if Company shall also take<\/p>\n<p> 6:1}: gicztitre of the meetings in one<\/p>\n<p>in English &#8220;Tilt: New<\/p>\n<p>Prabha&#8221;\n<\/p>\n<p>before<\/p>\n<p>&#8220;Kaxnlada<br \/>\n(Kannada Daily) on or<br \/>\n25.3.2010;\n<\/p>\n<p>The quorum of the meeting cf&#8217; the<br \/>\nunsgcured creditor shall be qtzomm<br \/>\nE3 and they are permitted to &#8220;tie<br \/>\nrepressnted by 3. pmxy;\n<\/p>\n<p>The chairman shall submit report 0f<br \/>\nthe meeting &#8220;Witi&#8217;1iI1 15 days after \u00a3113<\/p>\n<p>cenclusion of the maating;<\/p>\n<p>%%M%<\/p>\n<p>post, O\ufb02&#8221;\n<\/p>\n<p>{Egg<\/p>\n<p><span class=\"hidden_text\">-5-<\/span><\/p>\n<p>In View er the consent giy\u00e9rx&#8217;  _<br \/>\nshareholders and the sgg\u00e9\ufb01rgdi\ufb01rri\ufb01iiior K<br \/>\ncf the app}i{i&#8217;a11tA A_ &#8220;;:om.1\u00a7;a:i1_5r.: <\/p>\n<p>convening of  <\/p>\n<p>is dispens:\u00e9d&#8230;with}-,_ &#8216; A<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court Mindtree Wireless Private &#8230; vs Nil on 3 March, 2010 Author: H N Das MR. SI+I:mKAfEAI\u00a7&#8217;RAM2\\CIL\u20ac&amp;NI3RAN&#8221; -1- IN THE HIGH comm 01%&#8217; KARNATAKA AT B5;\u00a7&#8221;G\u00a7;I4i\u00e9&gt;R\u00a7i. DATED THIS THE) 3% my Q}? MARCH-:2G:10t _ % BISFOREZ&#8217;-._ THE) I-\u00a7ON&#8217;i&#8217;3LE MR.JUsT1&lt;\u00a7\u00a7: ;xt:\u00a2.\u00bb;;;AM%orm:%p.as % % COMPANY A9PLIcA:#\u00a7{;Np;Q: 33;2\u00e91Q% BETWEEN: Mmm&#039;-REE WIRELESS :\u00a7&#039;R1{\\&#039;ATE LEMHED A C{)MPA.NY_ .\u00a3I1=JC\u20ac\u00a7_I\u00a7}&#039;O.RAfI*ED [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-15956","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mindtree Wireless Private ... vs Nil on 3 March, 2010 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/mindtree-wireless-private-vs-nil-on-3-march-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mindtree Wireless Private ... vs Nil on 3 March, 2010 - Free Judgements of Supreme Court &amp; 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