https://www.taxtmi.com/caselaws?id=112386 The Court ordered the convening of a meeting of secured creditors to consider and approve a scheme of compromise proposed by the applicant company. The meeting was to be advertised, notices sent to creditors, and necessary documents filed with the Court. A Chairman was appointed to oversee the meeting, with provisions for quorum and proxy voting. The valuation of secured creditors would be based on the company's books, with the Chairman resolving disputes. The Chairman was to report the meeting's outcome to the Court within seven days. The application was disposed of in line with the Court's directions. en-us Fri, 18 Aug 2006 00:00:00 +0530 Fri, 27 Apr 2012 18:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112386 The Court ordered the convening of a meeting of secured creditors to consider and approve a scheme of compromise proposed by the applicant company. The meeting was to be advertised, notices sent to creditors, and necessary documents filed with the Court. A Chairman was appointed to oversee the meeting, with provisions for quorum and proxy voting. The valuation of secured creditors would be based on the company's books, with the Chairman resolving disputes. The Chairman was to report the meeting's outcome to the Court within seven days. The application was disposed of in line with the Court's directions. Case-Laws Companies Law Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112386