https://www.taxtmi.com/caselaws?id=113304 At the stage of a Judge's summons for compromise or amalgamation, the Court must apply a prima facie mind to the genuineness and bona fides of the proposal under section 391 of the Companies Act, 1956 and rules 67 and 69 of the Companies (Court) Rules, 1959. Separate meetings for different creditor classes are not automatically required if the scheme itself makes distinct provision for those categories, and objections to a common meeting are treated as procedural unless substantive prejudice is shown. Fairness, legality, and public policy are examined later at the confirmation stage, so the convening objection was not accepted and no interference was warranted. en-us Wed, 10 Mar 2010 00:00:00 +0530 Tue, 14 Oct 2014 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113304 At the stage of a Judge's summons for compromise or amalgamation, the Court must apply a prima facie mind to the genuineness and bona fides of the proposal under section 391 of the Companies Act, 1956 and rules 67 and 69 of the Companies (Court) Rules, 1959. Separate meetings for different creditor classes are not automatically required if the scheme itself makes distinct provision for those categories, and objections to a common meeting are treated as procedural unless substantive prejudice is shown. Fairness, legality, and public policy are examined later at the confirmation stage, so the convening objection was not accepted and no interference was warranted. Case-Laws Companies Law Wed, 10 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113304