Thursday 1 August 2013

Unsecured creditor can't seek hearing prior to issue of directions to convene meeting of class credi

CL : Where applicant-company filed application for convening meeting of class creditors in order to consider proposed scheme of compromise and arrangement, objector being one of scheme creditors, was entitled to raise all his objections in meeting to be convened and as such, right of hearing claimed by him prior to issue of direction to convene proposed meeting, was to be negatived


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