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    <title>2007 (2) TMI 686 - GUJARAT HIGH COURT</title>
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    <description>An assignee of secured debt may be permitted to participate in a meeting of secured creditors in winding-up proceedings where it has acquired the debt earlier held by another bank. The Gujarat HC allowed the applicant to attend the meeting dated 10.03.2007 as representative of the debt formerly held by ICICI Bank Ltd., while expressly preserving the rights and contentions of all parties in the winding-up proceedings and on sanction of the scheme of arrangement.</description>
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      <description>An assignee of secured debt may be permitted to participate in a meeting of secured creditors in winding-up proceedings where it has acquired the debt earlier held by another bank. The Gujarat HC allowed the applicant to attend the meeting dated 10.03.2007 as representative of the debt formerly held by ICICI Bank Ltd., while expressly preserving the rights and contentions of all parties in the winding-up proceedings and on sanction of the scheme of arrangement.</description>
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