Vote via other modes in meeting of secured and unsecured creditors of Transferee company is allowable

TCR Trading Private Limited Vs Tridev Advisory Services (P) Ltd. (NCLAT) NCLAT held that NCLT erred in not allowing to vote in other modes other than in person in meeting of secured and unsecured creditors of Transferee company as permitted as per Companies Act, 2013 and rules made thereunder. Facts- The TCR Trading Pvt. Ltd./ Transferor Company No. 1 is being proposed to merge along with another transferor company, namely, Tridev Advisory Services Pvt. Ltd./ Transferor Company No. 2 into Triage Industries Pvt. Ltd./ Transferee Company (all three companies are related to closely held family co...