https://www.taxtmi.com/caselaws?id=213472 In proceedings for convening meetings under section 391 of the Companies Act, 1956 read with rule 67 of the Companies (Court) Rules, 1959, an unsecured creditor could not seek recall of the convening directions merely by asserting a caveatable interest. The court noted that the statutory conditions for convening the meetings had been satisfied, the creditor's objections could be raised in the scheme-confirmation stage, and the convening order did not finally determine rights or cause prejudice. The challenge therefore failed and the order convening the meetings remained undisturbed. en-us Mon, 28 Mar 2011 00:00:00 +0530 Wed, 06 Feb 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213472 In proceedings for convening meetings under section 391 of the Companies Act, 1956 read with rule 67 of the Companies (Court) Rules, 1959, an unsecured creditor could not seek recall of the convening directions merely by asserting a caveatable interest. The court noted that the statutory conditions for convening the meetings had been satisfied, the creditor's objections could be raised in the scheme-confirmation stage, and the convening order did not finally determine rights or cause prejudice. The challenge therefore failed and the order convening the meetings remained undisturbed. Case-Laws Companies Law Mon, 28 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213472