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    <title>1958 (5) TMI 34 - PATNA HIGH COURT</title>
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    <description>An order rejecting objections to a scheme was treated as a judgment under clause 10 of the Letters Patent because it finally determined the objecting creditors&#039; right to challenge the statutory majority and directly affected whether the scheme could proceed to sanction. On creditor voting, a corporation under the Indian Companies Act, 1913 was held not to have an implied right to vote in person at a scheme meeting absent specific statutory or rule-based authority; it could act only through proxy. Votes cast by an authorised representative without proxy were therefore invalid.</description>
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    <pubDate>Fri, 16 May 1958 00:00:00 +0530</pubDate>
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      <title>1958 (5) TMI 34 - PATNA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=97588</link>
      <description>An order rejecting objections to a scheme was treated as a judgment under clause 10 of the Letters Patent because it finally determined the objecting creditors&#039; right to challenge the statutory majority and directly affected whether the scheme could proceed to sanction. On creditor voting, a corporation under the Indian Companies Act, 1913 was held not to have an implied right to vote in person at a scheme meeting absent specific statutory or rule-based authority; it could act only through proxy. Votes cast by an authorised representative without proxy were therefore invalid.</description>
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      <pubDate>Fri, 16 May 1958 00:00:00 +0530</pubDate>
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