https://www.taxtmi.com/caselaws?id=297138 The National Company Law Tribunal, Chennai Bench, issued directions for convening meetings of shareholders and creditors for the restructuring of a Corporate Debtor under Section 230 of the Companies Act, 2013. The Liquidator was directed to convene meetings with specified quorum requirements for Equity Shareholders and Creditors. Procedures for adjournment, quorum, and notice issuance were outlined, along with responsibilities of the Liquidator in publication and coordination with relevant authorities. The Liquidator retains voting rights as Chairman, and the approved Scheme must be filed within a set timeframe. The application was disposed of in accordance with the judgment's directives. en-us Fri, 02 Aug 2019 00:00:00 +0530 Sat, 21 Aug 2021 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297138 The National Company Law Tribunal, Chennai Bench, issued directions for convening meetings of shareholders and creditors for the restructuring of a Corporate Debtor under Section 230 of the Companies Act, 2013. The Liquidator was directed to convene meetings with specified quorum requirements for Equity Shareholders and Creditors. Procedures for adjournment, quorum, and notice issuance were outlined, along with responsibilities of the Liquidator in publication and coordination with relevant authorities. The Liquidator retains voting rights as Chairman, and the approved Scheme must be filed within a set timeframe. The application was disposed of in accordance with the judgment's directives. Case-Laws Insolvency and Bankruptcy Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297138