https://www.taxtmi.com/caselaws?id=296834 The judgment in this case confirms that the Scheme proposed by the Petitioner Company was approved by the equity shareholders, meeting the required majority criteria. The necessity of meetings with secured creditors was waived due to their absence, while unsecured creditors were to be notified based on specified thresholds. Detailed steps were outlined for the meeting of creditors, including serving notices to relevant authorities and creditors within specific timelines. Emphasis was placed on compliance with legal requirements for filing the Company Scheme Petition, with instructions on serving notices, publication requirements, and filing necessary documents. en-us Thu, 27 Oct 2016 00:00:00 +0530 Mon, 09 Aug 2021 08:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296834 The judgment in this case confirms that the Scheme proposed by the Petitioner Company was approved by the equity shareholders, meeting the required majority criteria. The necessity of meetings with secured creditors was waived due to their absence, while unsecured creditors were to be notified based on specified thresholds. Detailed steps were outlined for the meeting of creditors, including serving notices to relevant authorities and creditors within specific timelines. Emphasis was placed on compliance with legal requirements for filing the Company Scheme Petition, with instructions on serving notices, publication requirements, and filing necessary documents. Case-Laws Companies Law Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296834