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2009 (6) TMI 581 - HIGH COURT OF BOMBAY
Compromise and arrangement - scheme of arrangement involving financial restructuring - Held that:- There is no substance in the objections taken to the proposed scheme either by the two objectors or the recommendation of the Regional Director for placing time-limit upto 31-3-2009. In that view of the matter, the Petition should succeed.
Since all the requisite statutory compliances have been fulfilled. Company Petition No. 293 of 2009 filed by the Petitioner company is made absolute