separate meetings of equity shareholders, secured creditors (including debenture holders) and unsecured creditors of RIL on 21.4.2007. The Chairman of the said meeting submitted ... common law recognize three broad categories/classes of creditors viz., preferential creditors, secured creditors and unsecured creditors (Palmer's Company Law, 21st Edition
Government would be settled and paid after due negotiation.
10. The unsecured creditors shown in the statement of affairs are as under:
Particulars Amount
Dues ... relating to State Government alone.
C Unsecured Creditors List: E
The break up of unsecured creditors listed in List: E of the Statement of Affairs
unsecured claim of the applicant and unsecured claims received pursuant to the advertisement and the unsecured debt of the creditors, named, in the statement ... means a secured creditor having first charge and hence, better placed than any other Creditor whether Secured or unsecured. Since the AMC has the first
Summons praying for direction for convening the meeting of Unsecured Creditors of OCM Division of the applicant Company, being transferred to OCM (India) Limited ... filing Chairman's report of the meeting of the Unsecured Creditors of OCM Division of the applicant Company in terms of prayer
Bank of India has been paid fully and none of the Unsecured Creditors has approached this Court for their dues. The workers were undisputedly paid ... sole Secured Creditor. No Due Certificate was also produced. The Unsecured Creditors have approved the Scheme of revival and detailed proposal has been made
holding
separate meetings of the equity shareholders, secured creditors and
unsecured creditors of the Applicant Company for the purpose of
considering and approving the modifications ... which is duly approved by the equity shareholders, secured creditors
and unsecured creditors at their meetings held respectively on 5th
January 2008 and which
shareholders, secured
creditors and unsecured creditors on the ground that consents of all
the shareholders, secured creditors and unsecured creditors have been
obtained ... secured creditors and unsecured creditors.
3. In
view of the fact that all the equity shareholders, secured creditors
and unsecured creditors of the applicant company
applicant also seeks dispensation of
meeting of the unsecured creditors on the ground that about 91.15%
of the value of the unsecured creditors have also ... required under Section-391 of the Act. The list of the unsecured
creditors including both the unsecured loan creditors and other
unsecured creditors are produced
security, he can claim the same amount with priority over such unsecured creditors out of realization made by other creditors whose moneys are lying ... arise in the case as the Allahabad Bank was indisputably an unsecured creditor. The Court, therefore, took the view that such an observation was neither
separate meetings of equity shareholders, secured creditors (including debenture holders) and unsecured creditors of RIL on 21.4.2007. The Chairman of the said meeting submitted ... separate meetings of equity shareholders, secured creditors (including debenture holders) and unsecured creditors of IPC L under the Chairmanship of Hon'ble Mr Justice
