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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 Hi All,

For a Merger is Creditors Approval compulsory??

Thanks,
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 July 2010 A letter should be sent to them for their approval. If no dissent is received it is considered as approved only. But letter should be sent to the creditors.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 But we have 76% approval from share holders?

Still do we have take approval from creditors?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 July 2010 Even after 100% approval from shareholders creditors approval is required.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 K, THANK U ADITYA
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 if there is a dissent cant we go further,

would merger scheme void at that stage itself?

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