Reach Data Services India Pvt Ltd v. ---
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 952 OF 2016 In the matter of the Companies Act, 1956 (1 of 1956) (or re-enactment thereof upon effectiveness of Companies Act, 2013);
AND In the matter of Sections 391 to 394 of the Companies Act, 1956 (or any corresponding provision of Companies Act, 2013 as may be notified);
AND In the matter of Scheme of Amalgamation of Reach Data Services India Private Limited ("RDSIPL") with Reach Network India Private Limited ("RNIPL") and their respective shareholders and creditors Reach Data Services India Private ) Limited, a company incorporated ) under the Companies Act, ) having its Registered Office at Times ) Square, Unit - 4, B-Wing, 3rd Floor, ) Andheri Kurla Road, Andheri (East), ) Mumbai - 400 059.
)...Applicant Company Called Summons for Direction Ms. Shruti Kelji a/w. Ms. Sunila Chavan and Mr. A. S. Lambhate, Advocates for the Applicant
Coram: S. C. Gupte, J.
Date: 9th December, 2016 MINUTES OF ORDER UPON the Application of the Applicant Company abovenamed by a Company Summons for Direction AND UPON HEARING Ms. Shruti Kelji, Advocate for the Applicant Company, AND UPON READING the Affidavit dated 10th October, 2016 of Mr. Jigesh Shah, Authorised Signatory of the Applicant Company in support of the Company Summons for direction and the Exhibits therein referred to, IT IS ORDERED THAT: 1.
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 Reach Data Services India Private Limited ("RDSIPL") with Reach Network India Private Limited ("RNIPL") and their respective shareholders and creditors, is dispensed with in view of the consent given by both Equity Shareholders of the Applicant Company, which are annexed as Exhibits 'C1' and 'C2' to the Affidavit in support of the Company Summons for Direction. 2.
The question of convening and holding of the meeting of the Secured and Unsecured Creditors of the Applicant Company does not arise, since there are no Secured and Unsecured Creditors in the Applicant Company as stated in Paragraphs 12 and 13 of the Affidavit in support of the Company Summons for Direction.
3.
The Learned Advocate for the Applicant Company states that Clause 18 of the Scheme gives power to the Board of Directors of the Applicant Company to modify and amend any part of the Scheme. Further, the Advocate for the Applicant Company undertakes and clarifies that such power vested under Clause 18 of the Scheme will be subject to approval of the Hon'ble High Court of Judicature at Bombay. The said undertaking is accepted. (S. C. Gupte, J.) C E R T I F I C A T E I certify that this Order uploaded is a true and correct copy of Original signed order.
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