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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Applications for Compromise or Arrangement Under Section 546 Must Include Liquidator's Affidavit Confirming Company Benefit</h1> Every application for the sanction of a compromise or arrangement under specific clauses of section 546 must include a copy of the proposed compromise or arrangement. It should be supported by an affidavit from the Liquidator, affirming that the compromise or arrangement is beneficial to the company. The Court has the discretion to notify the Committee of Inspection or any other relevant parties about the application.
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