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Merger

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2014 Sir,

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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
27 November 2014 X pvt ltd has a major role to play in the merger but NOT the creditors of X Pvt Ltd.
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