2000 (12) TMI 871

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..... learned company judge and the order under appeal must be set aside and liberty given to the appellant-company to move the High Court for directions for calling meetings of its shareholders and creditors for the purposes of considering and approving the scheme. Once that has been done, a further application will be required to be made before the learned company judge. - CIVIL APPEAL NO. 7039 OF 2 .....

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..... to the appellant to file fresh application before the learned company judge for approval of the scheme. Learned counsel for the appellant points out that if the judgment and order of the learned company judge remains in operation, no useful purpose would be served by any fresh application for approval. The appropriate time for the company judge to consider the scheme is subsequent to approval .....

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