Companies Act, 2017

PART-V

REDUCTION OF SHARE CAPITAL

Companies Act, 2017 PART-V REDUCTION OF SHARE CAPITAL From: 2023-11-01 - To: 0000-00-00 91. Power to dispense with consent of creditor on security being given for his debt- Where a creditor entered on the list of creditors whose debt or claim is not discharged or determined does not consent to the reduction, the Court may, if it thinks fit, dispense with the consent of that creditor, on the company securing payment of his debt or claim by appropriating as the Court may direct, the following amount, that is to say- (a) if the…