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Rainbow Denim Ltd. Versus Rama Petrochemicals Ltd.

2000 (12) TMI 871 - SUPREME COURT OF INDIA

Compromise and arrangement - Held that:- The appropriate time for the company judge to consider the scheme is subsequent to approval thereof by the shareholders and creditors of the appellant-company. Therefore, the order of the learned company judge .....

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has been done, a further application will be required to be made before the learned company judge. - CIVIL APPEAL NO. 7039 OF 2000 - Dated:- 1-12-2000 - S.P. BHARUCHA AND Y.K. SABHARWAL, JJ. R.K. Jain, Ajay Bhalla and Abha Sharma for the Petitioner. .....

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rs and creditors for the purposes of approving a scheme of arrangement between the appellant and the respondent-company. Learned company judge declined to make such order but he made observations that affect the viability of that proposed scheme. The .....

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