IN RE Vs. HOMETRAIL ESTATE PRIVATE LIMITED

JUDGEMENT

(1.) This is a second motion Petition which has come up before us for admission and for fixing a date of hearing of the main Company Petition as well as for issuance of direction concerning publication of notices in press to be carried and notices to be issued to the authorities concerned including sectorial regulators if any. The prayer also is to fix date of hearing of the Petition and calling for the objections, if any, to the Scheme of Amalgamation (hereinafter for brevity referred to as "SCHEME") between the Petitioner Companies.

(2.) From the records, it is seen that the First Motion application seeking direction for convening the meeting of Shareholders and Creditors was filed before this Tribunal being CA (CAA) No. 55 (PB) 2017 under Sections 230-232 of the Companies Act, 2013. On 17.10.2017 the meetings of the Shareholders, Secured Creditors and Unsecured Creditors of the Petitioner Companies were dispensed with for the approval of the Scheme as consent was obtained from Shareholders and Creditors of the Companies.