https://www.taxtmi.com/acts?id=13890 A company or its liquidator must present a petition for confirmation of an agreed compromise or arrangement in the prescribed form shortly after the Chairman's report; where the arrangement concerns reconstruction or amalgamation the petition must pray for appropriate orders, and if the company fails to present the petition any creditor or contributory may do so with the Court's leave and the company will be liable for costs; absent a petition or requisite approval, the Chairman's report is placed before the Judge for necessary orders. en-us Tue, 31 May 2011 11:43:02 +0530 Fri, 12 Apr 2019 11:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13890 A company or its liquidator must present a petition for confirmation of an agreed compromise or arrangement in the prescribed form shortly after the Chairman's report; where the arrangement concerns reconstruction or amalgamation the petition must pray for appropriate orders, and if the company fails to present the petition any creditor or contributory may do so with the Court's leave and the company will be liable for costs; absent a petition or requisite approval, the Chairman's report is placed before the Judge for necessary orders. Act-Rules Companies Law Tue, 31 May 2011 11:43:02 +0530 https://www.taxtmi.com/acts?id=13890