9911796707
TMI BlogPetition to sanction compromise or arrangementX X X X Extracts X X X X X X X X Extracts X X X X ..... .............) Petitioner Petition to sanction compromise or arrangement The petition of A.B. & Co. [Ltd]., (*in liquidation, by its liquidator) the petitioner above-named is as follows:-- 1. The object of this petition is to obtain sanction of the Court to compromise or arrangement whereby (here set out the nature of the compromise or arrangement). 2. The company was incorporated under the .. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the above matter on ................. 19 .........., the petitioner was directed to convence a meeting of [Here set out the class of creditors or members of whom the meeting was to be held] of the company for the purpose of considering and, if thought fit, approving, with or without modifications, the said compromise or arrangement, and the said order directed that E.F., or failing him, X.Y., shou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sult of the meeting to this Hon'ble Court. 10. The said meeting was attended by (here set out the number of the class of creditors or members, as the case may be, who attended the meeting either in person or by proxy), and the total value of their [here mention debts, debentures or shares, as the case may be is Rs .................[In the case of shares, the total number and value of the shares s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Court shall seem fit. Verification, etc. Petitioner [Note.--The affidavit in support should verify the petition and prove any matters not proved in any prior affidavit, such as advertisement, holding of meetings, posting of notices, copies of compromise or arrangement and proxies, etc., and should exhibit the report of the Chairman and verify the same.] --------------------------------------- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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