https://www.taxtmi.com/caselaws?id=96743 A compromise sanctioned under section 153 binds creditors of the relevant class once the statutory majority in number representing three-fourths in value has approved it and the court has sanctioned it; individual notice to every creditor is not a necessary condition. Unsecured judgment-creditors are treated as part of the same class as other unsecured creditors unless a real conflict of interest places them outside that class. On that basis, the sanctioned scheme bound the creditor, and execution could not continue. en-us Wed, 13 Jan 1937 00:00:00 +0530 Tue, 10 Jan 2012 16:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96743 A compromise sanctioned under section 153 binds creditors of the relevant class once the statutory majority in number representing three-fourths in value has approved it and the court has sanctioned it; individual notice to every creditor is not a necessary condition. Unsecured judgment-creditors are treated as part of the same class as other unsecured creditors unless a real conflict of interest places them outside that class. On that basis, the sanctioned scheme bound the creditor, and execution could not continue. Case-Laws Companies Law Wed, 13 Jan 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96743