Rashi Equisearch Private Limited v. 0
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 78 OF 2015 In the matter of the Companies Act, of and other relevant provision of Companies Act, 2013;
AND In the matter of Sections 391 to 394 of the Companies Act, 1956 and other relevant provision of Companies Act, 2013;
AND In matter of Scheme of Amalgamation of REPL SECURITIES Company with RASHI EQUISEARCH Transferee Company RASHI EQUISEARCH LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at 72-A, Mittal Tower, Nariman Point, Mumbai - 400 021.
) ) ) ) ) ) ...Applicant Company.
Called Summons for Direction Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., Advocate for the Applicant Coram: S.J. Kathawalla, J.
Date: 6th February, 2015 MINUTES OF THE ORDER UPON the application of the Applicant Company above named by a Summons for Direction AND UPON HEARING Mr. Rajesh Shah instructed by M/s. Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit dated 15th January,
2015 Mr. Rajesh Tulsyan, Director of the Applicant Company, in support of the Summons for Direction and the Exhibit therein referred to, IT IS ORDERED:- 1.
That the convening and holding the meeting of the Equity Shareholders of the Applicant Company for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme of Amalgamation of REPL SECURITIES Company with RASHI EQUISEARCH PRIVATE LIMITED, the Transferee Company, is dispensed with in view of the consent given by all the three Equity Shareholders of the Applicant Company, which are annexed as Exhibit 'G-1' to 'G-3' to the Affidavit in support of Summons for Direction. 2.
That the convening and holding the meeting of the Redeemable Preferences shareholders of the Applicant Company for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme of Amalgamation of REPL SECURITIES PRIVATE LIMITED, the Transferor Company with RASHI EQUISEARCH PRIVATE LIMITED, the Transferee Company, is dispensed with in view of the consent given by Sole Redeemable Preference shareholder of the Applicant Company, which is annexed as Exhibit 'H-1' to the Affidavit in support of Summons for Direction.
3.
That the convening and holding of the meeting of the Secured Creditors of the Applicant Company for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme of Amalgamation of REPL SECURITIES Company with RASHI EQUISEARCH PRIVATE LIMITED, the Transferee Company is dispensed with in view of the averments made in paragraph 18 of the Affidavit in support of the Summons for Direction inter alia stating that they will in no way be affected by the proposed Scheme of Amalgamation as the assets of the Applicant Company and Transferee Company after proposed Amalgamation will be far more than its Liabilities and that the Applicant undertakes to issue individual notice of date of hearing of Petition by Registered Post A. D. to its all Secured Creditors and also to publish the same in two local news papers viz. "Free Press Journal", in English language and translation thereof in "Navshakti", in Marathi language, both having circulation in Mumbai. The said undertaking is accepted.
4.
That the convening and holding of the meeting of the Unsecured Creditors of the Applicant Company for the purpose of considering and, if thought fit, approving, with or
without modification(s) proposed Scheme of Amalgamation of REPL SECURITIES PRIVATE LIMITED, the Transferor Company with RASHI EQUISEARCH PRIVATE LIMITED, the Transferee Company, is dispensed with in view of the averments made in paragraph 19 of the Affidavit in support of the Summons for Direction inter alia stating that Unsecured Creditor will in no way be affected by the proposed Scheme of Amalgamation as the assets of the Applicant Company after the proposed amalgamation will be far more than its liabilities and that the Applicant undertakes to issue individual notice of date of hearing of Petition by Registered Post A. D. to its all Unsecured Creditors and also to publish the same in two local news papers viz. "Free Press Journal", in English language and translation thereof in "Navshakti", in Marathi language, both having circulation in Mumbai. The said undertaking is accepted.
(S. J.Kathawalla, J.)