Here in this case, the proposed confluence of both the groups is not to the agreement of all the parties concerned and still the Promoters chose to work out a circuitous method to somehow get rid of the persons who are not in agreement with them.
The logical conclusion that can be deduced from the above is that, there is no consensus ad idem between all the stakeholders and the public and there is some unknown and unearthed ulterior motive behind the entire Scheme and the same is presented to this Court by gold plating the entire container consisting of malefic contents. One, it is not logical, two, it is unfair and three, it is highly camouflaged to conceal the real intention behind it.
Both the above judgments must be respected at all costs since if the intentions on the part of the Petitioners are clear, unambiguous and not deceitful, the courts must not create any obstacles to the fairness and the business prudence on the part of the Petitioners. But, here is a case, first everything is camouflaged, nothing is fair, and everything is evasive and illegal. So, with utmost respect to the above citations we say that the Petitioners cannot cite the above judgments to mislead this bench.
Under the Companies Act, , the scheme was generally approved by the Honourable High court if shareholders and creditors with requisite majority approved the scheme and no proactive role was played by all authorities. In interpretations of various provisions from different prospective , wide interpretation of public interest ignoring the views of even shareholders who approved the scheme, even examining that under the scheme, certain transactions cannot be approved before sanctioning any scheme.
No doubt there is a deeper scrutiny and NCLT normally sees to it that approvals of some transactions between the parties which strictly cannot be covered under Sec to Sec of The Act are camouflaged as part of the scheme. To read the free executive summary of this article, simply close this message. The combination will bring together capabilities, talent, strong processes of both Companies and we together look forward to creating value for the entire Cinema value chain.
Senthil Kumar Co-founder Qube Cinema. Together, we will create a robust network offering digital cinema and in-cinema advertising services. UFO's strengths combined with Qube's strong technology focus would position the combined entity to deliver long-term growth at a faster pace. With extraordinary reach and execution capabilities, we are bringing together two worldclass organizations to deliver much more, thus maximizing value for all stakeholders. We are pleased to have acted as a catalyst in this transaction as a partner and financial investor in the combined entity.
The special package will ease the financial burden of releasing new movies in the difficult period post lockdown.
Senthil Kumar has been selected under the 'Members-At-Large' category, in recognition of his contribution to the Indian cinema industry. California USA, November 25, Qube Wire, a leading provider of electronic delivery solutions for digital cinema is excited to announce that Studiocanal has released Knives Out. Skip to main content. Published on Friday, December 1, Details of the Merger UFO and Qube are engaged in the business of digital cinema distribution and operate in-cinema advertising platforms.
When we come together as an organisation, there is a possibility of taking out the best of technology from both the companies and providing it to the various stakeholders, whether it is content owners, advertisers or distributors.
He said that cinema is unlike any other medium as each screen is a different entity so technology plays a key role in ensuring that the execution is flawless and the cinematic experience is great. Read more news about internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India. HDFC Life's new campaign nudges consumers to be financially prepared for their retirement 19 hours ago.
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