https://www.taxtmi.com/acts?id=23375 Where members and/or creditors agree to a proposed compromise or arrangement, the company or its liquidator must present a petition to the Tribunal in the prescribed form within seven days of the Chairperson's report; where the scheme concerns reconstruction or amalgamation, the petition must seek appropriate statutory orders and directions; if the company fails to present the petition, any creditor or member may do so with leave of the Tribunal and the company is liable for the costs. en-us Sat, 17 Dec 2016 17:40:35 +0530 Tue, 20 Jan 2026 16:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23375 Where members and/or creditors agree to a proposed compromise or arrangement, the company or its liquidator must present a petition to the Tribunal in the prescribed form within seven days of the Chairperson's report; where the scheme concerns reconstruction or amalgamation, the petition must seek appropriate statutory orders and directions; if the company fails to present the petition, any creditor or member may do so with leave of the Tribunal and the company is liable for the costs. Act-Rules Companies Law Sat, 17 Dec 2016 17:40:35 +0530 https://www.taxtmi.com/acts?id=23375