https://www.taxtmi.com/caselaws?id=111647 The court granted the application filed by Lords Chloro Alkali Limited under sections 391 and 394 of the Companies Act, 1956, directing the convening of a meeting of secured creditors to consider and approve a scheme of arrangement to address the company's financial situation and liabilities. The company's name change, financial position, negotiations with secured creditors, and settlement efforts were detailed in the judgment. The court specified meeting procedures, advertising and notice requirements, appointment of a Chairman, quorum, proxy voting, valuation of creditors, and reporting obligations, ultimately disposing of the application with specified directions. en-us Fri, 18 Aug 2006 00:00:00 +0530 Tue, 24 Apr 2012 14:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111647 The court granted the application filed by Lords Chloro Alkali Limited under sections 391 and 394 of the Companies Act, 1956, directing the convening of a meeting of secured creditors to consider and approve a scheme of arrangement to address the company's financial situation and liabilities. The company's name change, financial position, negotiations with secured creditors, and settlement efforts were detailed in the judgment. The court specified meeting procedures, advertising and notice requirements, appointment of a Chairman, quorum, proxy voting, valuation of creditors, and reporting obligations, ultimately disposing of the application with specified directions. Case-Laws Companies Law Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111647