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HC directed co. to hold meeting of members for approval to introduce funds for scheme of arrangement

December 14, 2018[2018] 100 192 (Delhi)

CL : Where management had promised to infuse funds and a bank guarantee of Rs. 6 crore had already been placed on record, proposed scheme of arrangement between respondent company, its members and creditors appeared to be a plausible mechanism to move forward and try and complete project so that interest of allottees was taken care off

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