Amalgamation under comapny law

Ritika singh (Querist) 28 February 2013 This query is : Resolved
a company xyz ltd(transferee) has filed petition to merge with 2 other company. they have managad to get an order to dispense with the procedural requirement of convening meeting of secured creditors .an undertaking is also issued to all secured creditors and published in paper. can any secured creditor file objection to this scheme when it is before high court for sanction??

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Advocate Ramesh (Expert) 28 February 2013
Surely any secured creditor file objection to this scheme. But he has to mention why he want to oppose this scheme.

Raj Kumar Makkad (Expert) 28 February 2013
This is the part of the procedure that any secured creditor may file his objection before high court in such matter.

R.K Nanda (Expert) 28 February 2013
yes, he can file objections.

devdatta Jadhav (Expert) 11 March 2013
better to take NOC from all concerned creditors for smooth process

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