2005 (8) TMI 376

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....or without modification, the scheme of compromise proposed to be made between the applicant-company and its secured creditors. 2. The details of the present authorized and issued, subscribed and paid-up capital of the applicant-company have been given in para No. 3 of the application. 3. The main objects of the applicant-company have been briefly set out in para No. 4 of the application and the applicant-company has also enclosed its Memorandum and Articles of Association along with the application as Annexure-C. 4. The details of the incorporation, business activities and divisions through which the business is operated of the applicant-company, are set out in para No. 5 of the application. 5. In para No. 6 of the application t....

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....terest of the applicant-company and also the creditors to reconstruct the debts, which would prevent the applicant-company from getting insolvent. It is stated that the creditors would also be benefited through the channel of recovery if the applicant-company remains a running concern and the same is not put under liquidation. The applicant-company has given out the details, which would enhance the opportunities of its revival by benefiting the applicant-company in the manner detailed out in para No. 9 of the application. 8. In para No. 10 of the application the applicant-company has given out the details the date of notification and the period during which the applicant-company was declared as relief undertaking by the State of Rajastha....

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....e convening the said meeting at the place and time aforesaid, together with the copy of the said scheme of compromise, a copy of the statement required to be sent under section 393 of the Act, 1956, and the prescribed form of proxy, shall be sent by prepaid post under certificate of posting addressed to each of the creditors, whose meeting is to be held at the respective registered or last known addresses. 14. That the Advocate for the applicant-company do, within the time as he considers necessary and at least within three days, file in Court the forms of the advertisement, the notices and statement to accompany the notices, and the same shall be settled by the Registrar of this Court. 15. That Shri Manoj Pareek, Advocate, Rajasthan ....