Disposed
Opus Chemicals Private Limited v. -
Bombay HCCSD/823/2016
Case brief
AI extract
What is this about?
In a company scheme of arrangement, the court dispensed with the convening of meetings for equity shareholders and secured creditors due to unanimous consent. For unsecured creditors, the court alleviated the requirement for a meeting, accepting an undertaking to issue individual notices and publish in newspapers.
What did the court decide?
Meeting of equity shareholders dispensed; meeting of secured creditors not required; meeting of unsecured creditors dispensed in lieu of individual notices and newspaper publication.