Allowed
M/s. Nsl Properties Private Limited, v. -
Telangana HCCOMPA/1480/2016
Case brief
AI extract
What is this about?
The court allowed an application to dispense with convening meetings of equity shareholders, secured and unsecured creditors for a Scheme of Arrangement, given lack of objection from shareholders and consent from secured creditors, as unsecured creditors were not adversely affected.
What did the court decide?
The application to dispense with the convening of meetings of equity shareholders, secured and unsecured creditors is allowed.