Klj Estates Pvt. Ltd. and ors. Vs. -----------------------

Klj Estates Pvt. Ltd. and ors. vs -----------------------

Type Court Judgment Court Delhi Decided Dec 05, 2012

~3 min read

https://sooperkanoon.com/case/956880

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Citation: sooperkanoon.com/956880
Court: Delhi High Court
Judge: Indermeet Kaur
Decided On: Dec 05, 2012
Subject: Land Acquisition

Case Summary

AI-generated summary - not the official court judgment text.

Land Acquisition

Key legal issue: Land Acquisition

Parties & Advocates

Appellant / Petitioner

Klj Estates Pvt. Ltd. and ors.

Respondent

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Excerpt

.....the jurisdiction of this court.3. details with regard to the date of incorporation of transferor and transferee companies, their authorized issued, subscribed and paid up capital have been given in the application.4. copies of the memorandum and articles of association as well as the latest audited annual accounts for the year ended 31st march, 2012 of all the applicant companies have also been enclosed with the application.5. learned counsel for the applicant companies submitted that no proceedings under section 235 to 251 of companies act, 1956 are pending against any of the applicant companies as on the date of the present application.6. the proposed scheme has been approved by the board of directors of all the applicant companies. copies of the board resolutions have been filed along with the application.7. a prayer has been made for dispensation of the requirement of convening meetings of shareholders and creditors of the transferor companies and the transferee company.8. in view of the written consents/noc given, the requirement of convening meetings of shareholders of the transferor companies and the transferee company are dispensed with.9. the secured and unsecured creditors of the transferors companies and transferee company have given their written consents/noc to the proposed scheme. accordingly, the requirement of convening meeting of secured and un-secured creditors of the transferor companies and transferee company are dispensed with. the shareholders of the transferor companies and transferee company have also given their consents, as per law and their meetings are also dispensed with.10. the application stands allowed in the aforesaid terms. order dasti. indermeet kaur, j december 05 2012/rb

Full Judgment

$~A32 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Judgment:5th December, 2012 % + CO.APPL.(M) 186/2012 KLJ ESTATES PVT LTD ..... Transferor/ Applicant Company No. 1 AND HP BUILDWELL PVT LTD ..... Transferor/ Applicant Company No. 2 AND HAMLOG BUILDERS PVT. LTD ..... Transferor/ Applicant Company No. 3 AND LUBHAVANI ESTATE PVT. LTD. ..... Transferor/ Applicant Company No. 4 AND CHETNA ESTATE PVT LTD ..... Transferor/ Applicant Company No. 5 AND PA BUILDWELL PVT LTD C.A. (M) No. 186/2012 ..... Transferor/ Applicant Company No. 6 Page 1 of 4 AND UJJAVAL CONSUMABLE GOODS PVT. LTD. .Transferor/ Applicant Company No. 7 AND CADILLAC BUILDWELL PVT. LTD. ..... Transferor/ Applicant Company No. 8 AND MP BUILDCON PVT. LTD. ..... Transferor/ Applicant Company No. 9 WITH KLJ DEVELOPERS PVT LTD Through: ..... Transferee/ Company Mr. Rakesh Kumar, Adv. for the CORAM: HON'BLE MS. JUSTICE INDERMEET KAUR INDERMEET KAUR, J.

(Oral) 1. This is a first motion joint Application under Sections 391 and 394 of the Companies Act, 1956, in connection with the Scheme of Amalgamation of KLJ ESTATES PRIVATE LIMITED AND OTHERS i.e. Transferor/Applicant C.A. (M) No. 186/2012 Companies with KLJ PRIVATE LIMITED i.e. Transferee Company. A copy of the proposed Scheme of Amalgamation is filed along with the Application.

2. The registered offices of both the Transferor and Transferee Companies are situated within the National Capital Territory of Delhi and are within the jurisdiction of this Court.

3. Details with regard to the date of incorporation of Transferor and Transferee Companies, their authorized issued, subscribed and paid up capital have been given in the Application.

4. Copies of the Memorandum and Articles of Association as well as the latest audited Annual Accounts for the year ended 31st March, 2012 of all the Applicant Companies have also been enclosed with the Application.

5. Learned counsel for the Applicant Companies submitted that no proceedings under Section 235 to 251 of Companies Act, 1956 are pending against any of the Applicant Companies as on the date of the present Application.

6. The proposed Scheme has been approved by the Board of Directors of all the Applicant Companies. Copies of the Board Resolutions have been filed along with the Application.

7. A prayer has been made for dispensation of the requirement of convening meetings of Shareholders and Creditors of the Transferor Companies and the Transferee Company.

8. In view of the written consents/NOC given, the requirement of convening meetings of Shareholders of the Transferor Companies and the Transferee Company are dispensed with.

9. The secured and unsecured creditors of the transferors companies and transferee company have given their written consents/NOC to the proposed Scheme. Accordingly, the requirement of convening meeting of Secured and Un-secured Creditors of the Transferor Companies and Transferee Company are dispensed with. The shareholders of the transferor companies and transferee company have also given their consents, as per law and their meetings are also dispensed with.

10. The Application stands allowed in the aforesaid terms. Order Dasti. INDERMEET KAUR, J DECEMBER 05 2012/rb

Same Court & Year Delhi · 2012 Same Parties Klj Estates Pvt. Ltd. and ors. vs ----------------------- Same Subject Land Acquisition Same Judge Indermeet Kaur