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NATIONAL COMPANY LAW TRIBUNAL
SUBRATA KUMAR DASH, T, ASHOK KUMAR BHARDWAJ, J
Mann Feeds Private Limited – Appellant
Versus
Legacy Foods Private Limited – Respondent
| Table of Content |
|---|
| 1. introduction of the application and overview of parties. (Para 1 , 2 , 3 , 4 , 5) |
| 2. details of the application and proposed scheme. (Para 6 , 7 , 8 , 12) |
| 3. discussion of the financial aspects of the proposed demerger. (Para 9 , 10) |
| 4. consent of shareholders and creditors for dispensation of meetings. (Para 11) |
| 5. court's discretion on meeting convening and legal precedents. (Para 16 , 19) |
| 6. final decision on dispensing with shareholder meetings. (Para 20 , 21) |
| 7. summation of judicial expectations on decision writing. (Para 22) |
ORDER
PER SUBRATA KUMAR DASH, MEMBER (T)
The present application has been preferred by Mann Feeds Private Limited (Applicant/Demerged Company), seeking, inter alia, the following reliefs:-
“a. Dispense with the requirement of convening meeting of Equity Shareholders of the Demerged Company.
b. Dispense with the requirement of convening meeting of Secured Creditors of the Demerged Company.
c. Dispense with the requirement of convening meeting of Un-secured Creditors of the Demerged Company.
d. Direct service of notice of the present Application on (a) the Central Government through the office of the Regional Director, Northern Region, Ministry of Co
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