TMI BlogPetition to sanction compromise or arrangementX X X X Extracts X X X X X X X X Extracts X X X X ..... sanction of Tribunal to a compromise or arrangement whereby (here set out the nature of the compromise or arrangement). 2. The company was incorporated under the [...] Act.................................. with a nominal capital of Rs [...]divided into shares of Rs[ ] each of which [...] shares were issued and Rs[...] was paid up on each share issued. 3. The objects for which the compan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e said compromise or arrangement and the said order directed that [ ] or failing him [ ] should act as chairperson of the said meeting and should report the result thereof to this Tribunal. 7. Notice of the meeting was sent individually to the [here mention the class of creditors or members to whom the notice was sent] as required by the order together with a copy of the compromise or arrange ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntures or shares, as the case may be] is Rs[....] [in the case of shares, the total number and value of the shares should be mentioned] representing [ . percentage ] of the total value of debts or debentures or shares . of the company. The said compromise or arrangement was read and explained by the said [...], to the meeting and it was resolved unanimously [or by a majority of [...] votes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch as advertisement, holding of meetings, posting of notices, copies of compromise or arrangement and proxies etc., and should exhibit the report of the chairperson and verify the same.] Note: (2) If the company is being wound‐up, say so. Note: (3) If any modifications were made in the compromise or arrangement, at the meeting, they should be set out in separate paragraph. * T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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