2017 -TIOLCORP- 03-HC-DEL-CA

Maruti Insurance Business Agency Ltd

Whether requirement of convening the meeting of equity shareholders of a transferor company for approving a scheme of amalgamation can be dispensed with if the transferor company had seven equity shareholders and all of them gave their written consent to the proposed scheme - YES: HC

Whether requirement of convening meeting of equity shareholders of a transferee company for approving a scheme of amalgamation can be granted when transferor Company is wholly owned subsidiary of transferee Company and upon the proposed scheme being sanctioned the rights of equity shareholders of Transferee Company shall not be affected in any manner - YES: HC

Whether requirement of convening meeting of creditors of transferee company for approving a scheme of amalgamation can be dispensed with if the scheme did not contemplate any compromise or arrangement, within the meaning of Section 391(1)(a) with the creditors of Transferee Company nor there was any variation of the rights of the creditors of Transferee Company - YES: HC

- Application allowed: DELHI HIGH COURT

2017-TIOLCORP-02-CCI

NK Prakash Babu And The President, South Indian Film Chamber Of Commerce

Whether a case of contravention of Section 3 & 4 is made out if film producers restricted the exhibition of their films in a particular theatre so as to prevent their piracy - NO: CCI

Whether protection available to the producers under the Copyright Act to impose reasonable restrictions to protect their rights is subject to Section 3 - NO: CCI

- Order u/s 26(2): COMPETITION COMMISSION OF INDIA