There is an arrangement of two(Co. A and Co. B) both private Limited Company going for merger. Company A (Transferee Company) is a subsidiary of other Company X Pvt. Ltd.
My Query:
Whether the Creditors of the Holding Company X Pvt. Ltd. may have right to object or any other way have any role in the proposed Merger.
Can a court or any other authority may call for the creditors meeting/NOC of the creditors of the Holding Company.
Note:- Shareholders and the Creditors of the Transferor and Transferee company having no objection in the proposed merger.