Chapter-4 Restructuring Scheme of Company

Section 28: Consequence of approval of restructuring program by Court

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If the Court issues an order to approve the restructuring program adopted by the meeting of creditors pursuant to sub-section (9) of Section 24, the program shall be binding on all creditors of the company, directors and shareholders of the company, other than the secured creditors of the company and the restructuring period shall end on that date.

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Section 28: Consequence of approval of restructuring program by Court

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