NCLT allows ‘Future Group’ to hold meeting of creditors to seek approval for scheme of arrangement

COMPANY LAW : Where Future Group's transferor companies and Reliance Group's transferee companies filed first motion application under section 230 seeking an order to hold meetings of creditors and/or class of creditors, members and/or class of members to consider and approve scheme, application was to be allowed as it is well within rights of NCLT to allow applicants to hold meeting of various stakeholders, creditors etc.,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317608/nclt-allows-‘future-group’-to-hold-meeting-of-creditors-to-seek-approval-for-scheme-of-arrangement.aspx