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What is Siel Limited Debt Restructuring Scheme about?

The document discusses the company petitions filed by Siel Limited and its associated companies for a scheme of arrangement under the Companies Act, 1956, aimed at debt and business restructuring. The court has jurisdiction over the matter and has allowed meetings of shareholders and creditors, which resulted in the approval of the scheme despite objections from certain creditors, including the Unit Trust of India. The proposed restructuring involves demerging Siel Limited into four units and addressing non

Author

xreenandak

Language

EN