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2016 (12) TMI 1881 - HC - Companies LawAssignment of debts - petitioner submits that the said deed was not taken into consideration in the earlier proceeding as the said deed was not registered and having regard to the fact that the said deed is registered, there cannot be any impediment to pray for the reliefs claimed in the petition - HELD THAT:- The prayers as made in the petition cannot affect right of any of the parties since admittedly it appears that at least one of the secured creditors has assigned the debt in favour of the petitioner. The purpose is to formulate a scheme which could be acceptable to all the creditors and would be beneficial for all. The petitioner shall hold separate meetings of the secured and unsecured creditors including debenture holders, if any, after publishing advertisements once in the English daily “The Times of India”, once in the Bengali daily “Aajkal” and once in the Hindi daily “Dainik Vishwamitra”. Mr. Sondwip Mukherjee, Advocate, Bar Library Club, is appointed as the Chairperson of the meeting of all the creditors at an initial remuneration of 4000 GMs. to be paid by the petitioner. The notice of publication and other details shall be settled by the Chairperson. There shall be an order in terms of prayer (f) of the petition. The matter is made returnable on 30th January 2017. The interest of the unsecured creditors is not going to be affected in the event a meeting is called of all classes of creditors. However, a copy of the petition has been made over to Ms. Agarwal in court today.
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