JUDGMENT : Sanjeev Sachdeva, J. (Oral):-- 1. This is first motion joint Application under section 391 to 394 of the Companies Act, 1956 (“Act”) in connection with the Scheme of Amalgamation (“Scheme”) of ANM Engineering & Works Private Limited (hereinafter referred to as Transferor Company No. 1) and Digivision Holdings Private Limited (hereinafter referred to as Transferor Company No. 2), with MN Ventures Private Limited (hereinafter referred to as Transferee Company) (hereinafter collectively referred to as Applicant Companies), with their respective shareholders and creditors. A copy of the proposed Scheme is enclosed with the Application. 2. The registered offices of the Applicant Companies are situated within the National Capital Territory of Delhi, within the jurisdiction of this Court. 3. The details of the dates of incorporation of the Applicant Companies, its authorized, issued, subscribed and paid up capital have been enclosed with the Application. 4. The copy of the Memorandum and Articles of Association as well as the latest audited Annual Accounts for the year ended 31st March 2014, as well as the audited accounts for the period 1st April 2014 to 31st October 2014 of the Applicant Companies has also been enclosed with the Application. 5. Learned Counsel for the Applicant Companies submits that no proceedings under sections 235 to 251 of the Act are pending against the Applicant companies as on the date of the present Application. 6. The proposed Scheme has been approved by the Board of Directors of the Applicant Companies. Copies of the Board Resolutions have been filed along with the Application. 7. The status of the Shareholders, Secured and Un-secured Creditors of the Applicant Companies and the consents obtained by them for the proposed Scheme are as follows: Company No. of Share holders Consent Given No. of Secured Creditors Consent Given No. of Unsecured Creditors Consent Given Transferor Company No. 1 3 All Nil N.A. 2 All Transferor Company No. 2 3 All Nil N.A. 3 All Transferee Company 2 All Nil N.A. 2 All 8. A prayer has been made for dispensation from the requirement of convening the meetings of the Shareholders, Secured and the Un-secured Creditors of the Applicant Companies. 9. In view of the written consent/NOC given by all the Shareholders of the Applicant Companies, the requirement of convening meeting of Shareholders of Applicant Companies is dispensed with. 10. A prayer has been made for dispensation from the requirement of convening the meetings of the Shareholders, Secured and the Un-secured Creditors of the Applicant Companies. 9. In view of the written consent/NOC given by all the Shareholders of the Applicant Companies, the requirement of convening meeting of Shareholders of Applicant Companies is dispensed with. 10. Since there are no Secured Creditors in Applicant Companies, therefore the requirement of convening meeting of Secured Creditors in Applicant Companies does not arise. 11. In view of the written consent/NOC given by all the Un-secured Creditors of the Applicant Companies, the requirement of convening meeting of Un-secured Creditors of Applicant Companies is dispensed with. 12. The Application stands allowed in the aforesaid terms.