TaxTMI 
TaxTMI 
Petition to sanction compromise or arrangement
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....ompromise or arrangement whereby (here set out the nature of the compromise or arrangement). 2. The company was incorporated under the [...] Act.................................. with a nominal capital of Rs [...]divided into shares of Rs[…] each of which [...] shares were issued and Rs[...] was paid up on each share issued. 3. The objects for which the company was formed are as set forth....
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....nd the said order directed that […] or failing him […] should act as chairperson of the said meeting and should report the result thereof to this Tribunal. 7. Notice of the meeting was sent individually to the [here mention the class of creditors or members to whom the notice was sent] as required by the order together with a copy of the compromise or arrangement and of the statemen....
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....] is Rs[....] [in the case of shares, the total number and value of the shares should be mentioned] representing [ ……. percentage ] of the total value of debts or debentures or shares ……………. of the company. The said compromise or arrangement was read and explained by the said [...], to the meeting and it was resolved unanimously [or by a majority of....