Company Petition No. 63 (PB)/2017. Case: In Re: Fairair Engineers Private Limited and Ors. Vs. Company Law Board
| Case Number | Company Petition No. 63 (PB)/2017 |
| Counsel | For Appellant: Kunal Tandon, Nidhi Jain, Snigdha Sharma, Chetan Roy, Shashank Shekher, Surendra Kumar and Sugandha Sharan, Advocates |
| Judges | R. Varadharajan, Member (J) and Deepa Krishan, Member (T) |
| Issue | Company Law |
| Judgement Date | Wednesday April 12, 2017 |
| Court | Company Law Board |
Order:
(New Delhi Bench)
This Company Petition filed jointly by the Petitioners is coming before us for admission and for fixing a date of hearing of the main Company Petition as well as for a direction in relation to publication in press to be effected and notices to be issued to the authorities concerned in relation to date of hearing of the Petition and calling for the objections, if any, to the Composite Scheme of Arrangement by way of Demerger (hereinafter for brevity referred to as "SCHEME") contemplated between the Petitioner Companies. From the records, it is seen that the First Motion seeking directions for convening or dispensing the meeting of Equity Shareholders, Secured Creditors and Unsecured Creditors were filed before this Tribunal vide CA (CAA). 13/(PB)/2017 and based on such joint application moved under Sections 230-232 of the Companies Act, 2013, directions were issued by this Tribunal. On 20.03.2017 where in the meetings of the Equity Shareholders, Secured Creditors...
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