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4. Accordingly, an application being Company Application No. 112/2001 was filed before this Court seeking appropriate direction for convening the meetings etc. and this Court vide its order dated 12.04.2001 directed the petitioners to convene the meetings of the Loan Creditors, Secured Creditors, Creditors for Goods and Expenses and Statutory Creditors 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 the petitioner No. 1 to act as the Chairman of the meeting and to report the result thereof to this Court. The notice of the meeting was sent individually to all the Loan Creditors, Secured Creditors, Creditors for Goods and Expenses and Statutory Creditors of the Company as required by the order together with copy of scheme of compromise and of the explanatory statement required under Section 393 of the Act and a form of Proxy. The notice of the meeting was also advertised as directed by this Court in "Indian Express", Ahmedabad Edition of 14.04.2001 and "Jansatta", Ahmedabad Edition of 13.04.2001. On 07.05.2001, the said meetings of the Loan Creditors, Secured Creditors, Creditors for Goods and Expenses and Statutory Creditors of the Company were duly convened in accordance with the order of this Court and the petitioner No. 1 acted as the Chairman of the said meetings and he has reported the result of the meeting to this Court.