Back
NATIONAL COMPANY LAW TRIBUNAL
SH. ASHOK KUMAR BHARDWAJ, SH. SUBRATA KUMAR DASH, JJ
DS Spiceco Private Limited – Appellant
Versus
Dharampal Satyapal Foods Limited – Respondent
| Table of Content |
|---|
| 1. application for scheme of arrangement and demerger. (Para 3 , 4 , 5 , 6) |
| 2. details of the proposed scheme and its rationale. (Para 8 , 9 , 10 , 11) |
| 3. consent of shareholders and creditors for the scheme. (Para 12 , 13 , 14 , 15) |
| 4. dispensation of meetings based on consent. (Para 17) |
| 5. judicial discretion in dispensing meetings. (Para 18 , 19 , 20) |
| 6. final order allowing the application. (Para 21) |
ORDER
“i. Allow the present Application and pass necessary orders towards the sanction of the Scheme of Arrangement and Demerger between DS Spiceco Private Limited and Dharampal Satyapal Foods Limited and their respective Shareholders and Creditors (ANNEXURE "1" to the Company Application and hereinafter "the Scheme") along with consequential directions as deemed fit and appropriate;
iii. Dispense with the requirement of convening the meeting. of the Equity Shareholders of the Applicant/Transferee Company all Equity Shareholders of the Applicant/ Transferee Company have given consent and approval by way of affidavit, to the Scheme,
v. Dispense with the requirement of convening the meeting of the Secured Creditors of the Applicant/Transferee Company as all Secured Creditors o
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
