Co. Appl. 6/08 //1// In the High Court of Judicature for Rajasthan Jaipur Bench ** Company Application No.6/2008 Mahima Promotors (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 (applicant herein), (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 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 only one class of members (equity share holders) & creditors (secured & unsecured creditors). Counsel further submits that there are only two share holders holding entire paid up capital, who have consented to the proposed amalgamation vide affidavits; hence meeting is required only for secured & unsecured creditors in case of applicant transferor Co. Having considered material on record and so also consent (supra), this Court considers it proper Co. Appl. 6/08 //2// to dispense with meeting of equity share holders; and allow proposed scheme of amalgamation. However, meeting of secured & unsecured creditors of applicant -Transferor Co., proposed to be amalgamated with respondent transferee Co., 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 Secured Creditors of 25/02/08 11.00 AM - Applicant Transferor Co. Day & Time Unsecured Creditors of 25/02/08 12.00 Noon - Applicant Transferor Co. To convene aforesaid meetings for secured & unsecured creditors, Shri Vishnu Sharma, Advocate is appointed as Chairman, for which he shall be paid remuneration of Rs.15,000/- for both the meetings, 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/p2/6Co.Appl08amlgmtrr.doc