2013 (10) TMI 1536

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....te for the Respondent. ORAL ORDER 1. The applicants have taken out Summons, which is registered as Company Application No.109 of 2012. The applicant has prayed, inter alia, that:- "a meeting be held at Company's registered office of secured and un-secured creditors, equity shareholders etc. of the above company for the purpose of considering and if thought fit, approving, with or without modi....

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....n by learned Counsel for the applicant that the applicants have probably paid the dues of most of the creditors and according to the applicants, debts of two creditors now remain outstanding and that is why Company intends to call for meeting to verify total claims, if any, of all different creditors. 7. From the said submissions, it emerges that actually scheme for compromise is not framed by th....