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        Companies Law

        Rule 61 - Directions at hearing.

        Company Court Rules, 1959
        Chapter 01

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        Securing creditors' claims: judge may direct protective measures and adjourn hearings to enable company compliance. Rule 61 empowers the judge at the hearing of a petition to give directions to secure the debts or claims of creditors who do not consent to a proposed reduction of capital as contemplated by section 101(2)(c), and to adjourn the further hearing to enable the company to comply with such directions.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Securing creditors' claims: judge may direct protective measures and adjourn hearings to enable company compliance.

                          Rule 61 empowers the judge at the hearing of a petition to give directions to secure the debts or claims of creditors who do not consent to a proposed reduction of capital as contemplated by section 101(2)(c), and to adjourn the further hearing to enable the company to comply with such directions.


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