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of <h1>Tribunal Approves Company Arrangement with Creditors and Shareholders; Binding Decision Made Following Majority Vote</h1> The Tribunal has sanctioned a compromise or arrangement between an unnamed company and its creditors, debenture holders, preference shareholders, or equity shareholders. The petition was reviewed, and a meeting was convened to consider the proposed arrangement. The arrangement was approved by a requisite majority, either unanimously or by at least three-fourths in value of the involved parties. The Tribunal declared the arrangement binding on the specified class of creditors or members and the company itself. Directions for implementing the arrangement were provided, and the company must file a certified copy of the order with the Registrar of Companies within thirty days.
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