https://www.taxtmi.com/caselaws?id=96672 An unsecured creditor who has reduced its claim to decree is not, by that fact alone, a separate class for a reconstruction scheme under the Companies Act. The governing test is whether the creditors' rights are so dissimilar that they cannot consult together with a view to their common interest; here, decree-holder and non-decree unsecured creditors were held sufficiently similar to consult jointly. The objection that a separate meeting was required for decree-holder unsecured creditors therefore failed. en-us Mon, 11 Mar 1935 00:00:00 +0530 Tue, 10 Jan 2012 12:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96672 An unsecured creditor who has reduced its claim to decree is not, by that fact alone, a separate class for a reconstruction scheme under the Companies Act. The governing test is whether the creditors' rights are so dissimilar that they cannot consult together with a view to their common interest; here, decree-holder and non-decree unsecured creditors were held sufficiently similar to consult jointly. The objection that a separate meeting was required for decree-holder unsecured creditors therefore failed. Case-Laws Companies Law Mon, 11 Mar 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96672