Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Case Laws - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
  • Head Notes
  • Citation
Party Name: ?
Party name / Appeal No.
Law:
---- All Laws----
  • ---- All Laws----
  • GST
  • Income Tax
  • Benami Property
  • Customs
  • Corporate Laws
  • Securities / SEBI
  • Insolvency & Bankruptcy
  • FEMA
  • Law of Competition
  • PMLA
  • Service Tax
  • Central Excise
  • CST, VAT & Sales Tax
  • Wealth tax
  • Indian Laws
Courts: ?
Select Court or Tribunal
---- All Courts ----
  • ---- All Courts ----
  • Supreme Court - All
  • Supreme Court
  • SC Orders / Highlights
  • High Court
  • Appellate Tribunal
  • Tribunal
  • Appellate authority for Advance Ruling
  • Advance Ruling Authority
  • National Financial Reporting Authority
  • Competition Commission of India
  • ANTI-PROFITEERING AUTHORITY
  • Commission
  • Central Government
  • Board
  • DISTRICT/ SESSIONS Court
  • Commissioner / Appellate Authority
  • Other
Situ: ?
State Name or City name of the Court
Landmark: ?
Where case is referred in other cases
---- All Cases ----
  • ---- All Cases ----
  • Referred in >= 3 Cases
  • Referred in >= 4 Cases
  • Referred in >= 5 Cases
  • Referred in >= 10 Cases
  • Referred in >= 15 Cases
  • Referred in >= 25 Cases
  • Referred in >= 50 Cases
  • Referred in >= 100 Cases
From Date: ?
Date of order
To Date:
TMI Citation:
Year
  • Year
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
  • 1934
  • 1933
  • 1932
  • 1931
  • 1930
Volume
  • Volume
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
TMI
Example : 2024 (6) TMI 204
By Case ID:

When case Id is present, search is done only for this

Sort By: ?
Even if Sort by Date is selected, exact match will be shown on the top.
RelevanceDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      Case Laws
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      No Records Found

      Case Laws

      Back

      All Case Laws

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        Case Laws

        Back

        All Case Laws

        Showing Results for : Reset Filters
        Case ID :

        📋
        Contents
        Note

        Note

        Note

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        <h1>Court approves Lords Chloro Alkali Limited's scheme of arrangement under Companies Act</h1> <h3>Lords Chloro Alkali Ltd., In re</h3> Lords Chloro Alkali Ltd., In re - [2007] 75 SCL 237 (RAJ.) Issues:1. Application under sections 391 and 394 of the Companies Act, 1956 for a direction regarding the scheme of arrangement with secured creditors.2. Change in company name and details of incorporation.3. Company's financial position and capital structure.4. Background of financial assistance and losses incurred by the company.5. Legal proceedings with BIFR and settlement negotiations with secured creditors.6. Direction for convening and conducting a meeting of secured creditors.7. Advertising and notice requirements for the meetings.8. Appointment of Chairman for the meeting and related expenses.9. Quorum, proxy voting, and valuation of secured creditors.10. Reporting requirements after the meeting.Analysis:1. The applicant, Lords Chloro Alkali Limited, filed an application under sections 391 and 394 of the Companies Act, 1956, seeking directions for convening a meeting of secured creditors to consider and approve a scheme of arrangement between the company and its secured creditors. The purpose was to address the company's financial situation and liabilities towards its creditors.2. The company, originally known as Modi Alkalies & Chemicals Limited, changed its name to Lords Chloro Alkalies Limited in 2003. It was incorporated in Punjab in 1979 and later shifted its registered office to Alwar, Rajasthan. Details of the company's capital structure and objects were provided in the application.3. The application outlined the financial position of the company, including its authorized, issued, subscribed, and paid-up capital. The company's Memorandum of Association specified its main objects, and the latest audited annual accounts were submitted as part of the application.4. The company had availed financial assistance from various institutions but faced financial losses leading to erosion of its net worth. Legal proceedings with the BIFR were initiated, and negotiations with secured creditors were undertaken for settlement of dues, with some creditors already settling at a reduced percentage of the principal amount.5. The BIFR declared the company as a sick industrial company, and subsequent legal actions were taken regarding winding up, which were later appealed and remanded. The company expressed interest in settling liabilities with secured creditors, and major creditors showed willingness to settle at a reduced percentage of the principal amount.6. The court ordered the convening and conducting of a meeting of secured creditors on a specified date, time, and location to consider and approve the proposed scheme of arrangement. The schedule and procedures for the meeting were detailed in the judgment.7. Advertising and notice requirements for the meetings were specified, including the publication of advertisements in newspapers and sending notices to secured creditors at least 21 days before the scheduled meetings. Forms of proxy were to be made available to the creditors.8. The judgment appointed a Chairman for the meeting, outlined related expenses to be borne by the company, and directed the Chairman to issue advertisements and notices for the meeting.9. Provisions were made for quorum, proxy voting, and valuation of secured creditors, with the Chairman authorized to determine the value if entries in the company's books were disputed.10. Reporting requirements were established for the Chairman to submit a report to the Court within seven days of the meeting's conclusion, verified by affidavit, to provide an update on the meeting's outcome. The judgment concluded by disposing of the application with the specified directions.

        Topics

        ActsIncome Tax
        No Records Found