Co. Appl. 5/08 //1// In the High Court of Judicature for Rajasthan Jaipur Bench ** Company Application No.5/2008 Silver Shine Land Developers (P) Ltd. Versus Mahima Real Estate (P) Ltd Date of Order ::: 18/01/08 Hon'ble Mr. Justice Ajay Rastogi Mr. Amol Vyas, for applicant Counsel submits that six transferor Cos. (1) Mahima Promoters (Pt) Ltd, (2) Grasswood Resorts (P) Ltd, (3) Paradise Buildhome (P) Ltd, (4) Vibhuti Financial Service (P) Ltd; (5)Jaipur Need Nirman (P) Ltd & (6) Silver Shine Land Developers (P) Ltd (applicant herein) are proposed to be amalgamated with transferee Company (Mahima Real Estate (P) Ltd, respondent herein) on whose behalf also, Co. Appl. No.4/2008 has been filed U/s 391 of Companies Act. According to him, applicant-transferor Co. is having one class of members (equity share holders) & creditors (secured & unsecured); Counsel further submits that there is one secured creditor, hence in order to satisfy requisite quorum, a joint meeting is required only for secured & unsecured creditors in case of applicant transferor Co. Having considered material on record, this Court considers it proper to allow proposed scheme of amalgamation. However, joint meeting of secured & Co. Appl. 5/08 //2// unsecured creditors of applicant-Transferor Co., proposed to be amalgamated with respondent transferee Co., besides meeting of equity share holders be convened & held at A-3 Crystal Mall, Sawai Jai Singh Highway, Bani Park, Jaipur on the dates & time for the purposes as required under law ad infra: Day & Time Equity Share Holders of 25/02/08 11.00 AM - Applicant Transferor Co. Day & Time Secured & Unsecured Creditors 25/02/08 12-01.00 PM - of Applicant Transferor Co. To convene aforesaid meetings for equity share holders; and secured & unsecured creditors, Shri Nitin Jain, Advocate is appointed as Chairman for which he shall be paid remuneration of Rs.15,000/- for all meetings, (supra) payable by applicant-Company. Atleast 21 clear days before the day appointed for holding meetings, ibid, advertisement of notice stating about free copies of compromise or arrangement and of statement required to be furnished pursuant to S.393 be issued and published in daily news papers (1) Rajasthan Patrika (Jaipur Edn) & (2) Statesman (N.Delhi English Edn), for which proper recourse under Company Act & Rules be adopted by Chairman (supra), who is directed to submit reports about result of meetings (supra) within seven days of its conclusion duly verified by his affidavit. Consequently, company application stands disposed of. A copy of order be sent to the Chairman (supra) forthwith for compliance. (Ajay Rastogi), J. K.Khatri/p2/5Co.Appl08amlgmtrr.doc