NCLT JUDGEMENT ON SECTION 133, 206, 207, 208, 209, 210, 211, 212, 213, 214, 215, 216, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 227, 228, 229, 230, 230(9), 231, 232 OF THE COMPANIES ACT, 2013

NAME		MOBILE NO.	E-MAIL I’D
RANJEET KUMAR		8383098478, 9667769795	rk@courtkutchehry.com
JAI THAKUR		8130703334, 9355723300	jai.thakur@courtkutchehry.com
RAJEEV RANJAN		9334553249	rajiv.ranjan@courtkutchehry.com
ASHOK MISHRA		9718327746	sales@courtkutchehry.com
RAVI KUMAR			ravi.singh@courtkutchehry.com

In Re_ Snoways Laundrers And Drycleaners Private Limited Vs., (2020) 06 NCLT CK 0003

NCLT allowed the application filed by the applicant under sections 230-232 of the Companies Act, 2013 ("the Act") read with rule 3 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 ("the Rules"), by inter alia seeking to dispense with convening of meetings of the Equity Shareholders and the Unsecured Creditors of the Applicant Company for purpose of considering the proposed scheme etc. While allowing the application NCLT held that in the instant case, as detailed supra, the Company involved in the case, have filed necessary Certificates given by the Chartered Accountants duly certifying the number of Shareholders, unsecured Creditors constituting 100% of Equity Shareholding and the Creditor of the Applicant Company constituting greater than 90% in value of the total amount due, and have also furnished his consent affidavit. There would not serve any purpose to direct to convene the meetings in question. Therefore, it would be just and appropriate to dispense with the meetings as sought for, on the principle of ease of doing business, and to facilitate the Company to file necessary second stage Petition seeking to sanction the Scheme, subject to fulfillment of all statutory conditions, after ordering notices to respective Statutory Authorities.