9 creditors of the value of ₹ 76 crore voted in favour of the proposed compromise ?
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2019
9 creditors of the value of ₹ 76 crore voted in favour of the proposed compromise ?
Answer & Explanation:
The validity in case of - the proposed compromise can be implemented, as both majority of voters with more than 3/4th value of the debts are voting in favour of the compromise.
Topics: Companies Act, 2013
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