Sanction of scheme.

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....period of sixty days from his appointment, which may be extended by the Tribunal up to a period not exceeding one hundred twenty days.      (2) The company administrator shall convene separate meetings of secured and unsecured creditors of the sick company and if the scheme is approved by the unsecured creditors representing one-fourth in value of the amount owed by the comp....

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....rs of that company.                (3) (i) The scheme prepared by the company administrator shall be examined by the Tribunal and a copy of the scheme with modification, if any, made by the Tribunal shall be sent, in draft, to the sick company and the company administrator and in the case of amalgamation, also to any other company conc....

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....company and any other company concerned in the amalgamation and from any shareholder or any creditors or employees of such companies.      (4) On the receipt of the scheme under sub-section (3), the Tribunal shall within sixty days therefrom, after satisfying that the scheme had been validly approved in accordance with this section, pass an order sanctioning such scheme. ....

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....dministrator, to prepare a fresh scheme providing for such measures as the company administrator may consider necessary.      (7) The sanction accorded by the Tribunal under sub-section (4) shall be conclusive evidence that all the requirements of the scheme relating to the reconstruction or amalgamation or any other measure specified therein have been complied with and a co....