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2016 (8) TMI 1279 - HC - Companies LawComposite Scheme of Arrangement - Held that:- This Court dispensed with the requirement of convening meeting of the Equity Shareholders, Preference shareholders and Secured Creditors of the petitioner Company, who had given their consent to the proposed Scheme. The meetings of the Unsecured Creditors were dispensed with in view of the fact that no sacrifice is called for from the creditors and no compromise is offered to any of the Unsecured Creditors and neither any liability of the Unsecured Creditors under the Scheme is being reduced or extinguished. Petition is admitted.
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