9911796707
TMI Blog2019 (8) TMI 1742X X X X Extracts X X X X X X X X Extracts X X X X ..... filed on 01.08.2019. The Promoter(s) has revised the proposal for the settlement and restructuring of the Company as provided in the Scheme. Directions regarding holding, convening and dispensation of various meetings issued - directions regarding issuance of notices also issued. The scheme is approved - application allowed. - MA/793/2019 in CP/514/IB/2019 - - - Dated:- 2-8-2019 - Ch. M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e settlement and restructuring of the Company as provided in the Scheme. As per the submissions of the Liquidator, there are four (4) Equity Shareholders. The Liquidator is directed to convene the meeting of the Equity Shareholders on 05.09.2019 at 11.00 A.M. which shall be chaired by the Liquidator. The venue shall be decided by the Liquidator at the time of issuance of notice by mentioning th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e in a just, free and fair manner, and the report shall be submitted after one (1) week of the meeting to this Bench. As per the submissions of the Liquidator, there is one (1) Secured Creditor, six (6) Unsecured Creditor and fifty five (55) Sundry Creditors. Therefore, the meeting of the Creditor(s) is directed to be convened on 05.09.2019 at 2.00 P.M which shall be chaired by the Liquidator. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith the Liquidator. The Liquidator shall ensure that the proceedings of the meeting may take place in a just, free and fair manner, and the report shall be submitted after one (1) week of the meeting to this Bench. It is made clear that the Liquidator being the Chairman of the meetings will have the right to vote (casting vote) and the Scheme shall provide for the cost of the Liquidation/approv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ator within a week's time by the Promoter(s), who has filed the proposed amended Scheme. It is further made clear that the Liquidator will allow for inspection of the equipments for the job purposes only. The Liquidator is directed to file the approved Scheme after ten (10) working days from the date fixed for the meeting(s). Accordingly, the Application stands disposed of. - - Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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