Amalgamation Power to make representation to High Court in response to notice given to Central Government

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Full Text of the Document

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....ith section 10, provides that a proposed compromise or arrangement (a) between a company and its creditors or any class of them, or (b) between a company and its members or any class of them, requires, inter alia, sanction of the High Court concerned. Further under the provisions of section 394, if, in the case of an application to the court under section 391, it is shown that the compromise or ar....