Kolhapur Gases (Carbondioxide) Private Limited., v. ----

IN THE HIGH COURT OF BOMBAY AT GOA

COMPANY APPLICATION (MAIN) NO. 2 OF 2016 KOLHAPUR GASES (CARBONDIOXIDE) PRIVATE LIMITED., ... Applicant

Versus

---- ... Respondent Mr. Purushottam R. Karpe, Advocate for the applicant. Coram:- F. M. REIS, J.

Date:- 22nd January, 2016 P.C.

Heard Mr. P. Karpe, learned counsel appearing for the applicant. The learned counsel points out that 100% of the equity shareholders have given their consent to dispense with the equity shares. It is also pointed out that more than 97% of the value of unsecured creditors have given such consent which are equivalent to more than 83.33% of the unsecured creditors in the applicant company. The said facts have been stated on affidavit by the Authorised Officer of the applicant/company.

2. In such circumstances, I find that the application deserves to be granted. It is accordingly ordered :

(i) The meeting of the Equity Holders of the applicant for the purpose of considering and approving the proposed scheme of

COAPM/2/2016 amalgamation of Kolhapur Gases ( CarbonDioxide) Private Limited with the applicant be dispensed with;

(ii) The meeting of the Secured as well as Unsecured Creditors of the applicant for considering and approving the proposed Scheme of Amalgamation of Kolhapur Gases ( CarbonDioxide) Private Limited with applicant be dispensed with.

(iii) The Company Application stands disposed of accordingly. F. M. REIS, J.

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