Disposed
Wella India Haircosmetics Pvt. Ltd. v. -
Bombay HCCSD/231/2016
Case brief
AI extract
What is this about?
The High Court dispensed with the requirement of holding meetings for equity shareholders, secured creditors, and unsecured creditors for a proposed scheme of arrangement. This was done in view of the consents already given by equity shareholders and the lack of secured creditors, while unsecured creditors were to be notified via newspaper publication.
What did the court decide?
Dispensed with the convening and holding of meetings of equity shareholders, secured creditors, and unsecured creditors; notice publication undertaking accepted.