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    <description>The Court issued directions for convening separate meetings of shareholders and creditors of the applicant companies to consider and approve the proposed scheme of arrangement. Notices were to be published in specified newspapers, and compliance with SEBI guidelines and listing agreements was required. Meetings of certain applicant companies were dispensed with, and a Chairman was appointed for the scheduled meetings. Quorum and proxy voting rules were established, and the Chairman was tasked with reporting the meeting results to the Court. The application was disposed of with the outlined directions to ensure a compliant approval process for the scheme of arrangement.</description>
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