https://www.taxtmi.com/caselaws?id=97599 An alleged creditor's objection to confirmation of special resolutions altering a company's memorandum was not enough to stop the alteration where the company disputed the liability and was willing to secure the claim. The court treated section 45 of the Banking Companies Act as relevant to the petitioning procedure under the Companies Act, but found no sufficient ground to refuse confirmation because the objector's concern was repayment, not control of the company's business policy. The alteration was therefore confirmed, subject to the company furnishing security for the amount claimed within the time fixed by the court. en-us Fri, 01 Aug 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97599 An alleged creditor's objection to confirmation of special resolutions altering a company's memorandum was not enough to stop the alteration where the company disputed the liability and was willing to secure the claim. The court treated section 45 of the Banking Companies Act as relevant to the petitioning procedure under the Companies Act, but found no sufficient ground to refuse confirmation because the objector's concern was repayment, not control of the company's business policy. The alteration was therefore confirmed, subject to the company furnishing security for the amount claimed within the time fixed by the court. Case-Laws Companies Law Fri, 01 Aug 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97599