https://www.taxtmi.com/caselaws?id=96873 A scheme of arrangement for unsecured creditors under section 153 of the Indian Companies Act treated unsecured creditors who had filed suits or obtained decrees as part of the same class as other unsecured creditors. The later amendment was read as a legislative explanation of the phrase "creditors of the same class", not as a new rule. Decree-holders were therefore not a separate class requiring a distinct meeting before sanction, and they were bound by the sanctioned scheme. en-us Thu, 26 Feb 1942 00:00:00 +0630 Wed, 11 Jan 2012 17:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96873 A scheme of arrangement for unsecured creditors under section 153 of the Indian Companies Act treated unsecured creditors who had filed suits or obtained decrees as part of the same class as other unsecured creditors. The later amendment was read as a legislative explanation of the phrase "creditors of the same class", not as a new rule. Decree-holders were therefore not a separate class requiring a distinct meeting before sanction, and they were bound by the sanctioned scheme. Case-Laws Companies Law Thu, 26 Feb 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96873