Merger
This query is : Resolved
Querist : Anonymous
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.
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.
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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