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21. While the company was under liquidation by the Official Liquidator attached to this Court, the petitioner was paid his dues by the promoters of the company, who are in the process of rehabilitation of the company. On 28th May 2001, Mr. Ajay Sharda, majority shareholder along with new promoters, M/s. Sachdeva and Co. filed CA No. 887/2001 seeking directions of this Court to convene meetings of shareholders, secured and unsecured creditors to consider Scheme. The meeting of the shareholders was held on (sic) th August 2001 at 11.45 a.m. at 878, East Park Road, Karol Bagh, New Delhi. Notices to the shareholders were given by registered A/D Post along with proxy forms and statement under Section 393 of the Companies Act 1956. Notices were published on 7th July 2001 in 'The Pioneer' in English and 'Jansatta' in Hindi. Affidavit of Compliances was filed by Mr. Rajiv Bahl, Chairman of the meeting. As per the Chairman's report the shareholders unanimously approved the Scheme. A copy of the Report of Chairman along with minutes of the meeting of Shareholders held on 4th August 2001 is placed on record.

22. Similarly meeting of unsecured creditors was also held on 4th August 2001 at 10.30 a.m. at 878, East Park Road, Karol Bagh, New Delhi. Unsecured creditors unanimously approved the Scheme. Notices to the unsecured creditors were given by registered A/D Post along with proxy forms and statement under Section 393 of the Companies Act 1956. Notices were published on 7th July 2001 in 'The Pioneer' in English and 'Jansatta' in Hindi. Affidavit of compliances was filed by Mr. Rajiv Bahl, Chairman of the metting. As per the Chairman's report the unsecured creditors unanimously approved the Scheme. A copy of the Report of Chairman along with minutes of the meeting of the unsecured creditors held on 4th August 2001 is placed on record.