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2012 Supreme(AP) 463

RAMESH RANGANATHAN
Axis Bank Limited – Appellant
Versus
Naturol Bioenergy Limited – Respondent


Advocates Appeared:
For the petitioner:S. Ravi, Sr. Advocate.
For the Respondent:S. Niranjan Reddy, Advocate.

Judgment :

1. C.A.No.1691 of 2011 is filed by M/s Naturol Bioenergy Limited (hereinafter called as ‘NBL’) to issue and publish notices for convening, holding and conducting of meetings of the creditors for approval of the proposed scheme of arrangement, and for the immediate implementation of the package. This Court, by order in C.A.No.1691 of 2011 dated 21.11.2011, directed that a meeting of the secured creditors of NBL be convened on 24.12.2011 at 10.30 A.M. at their registered office for the purpose of considering the reworked CDR Package, and for implementation of the MRA with NBL. Sri Ch.Pushyam Kiran, an Advocate of this Court, was appointed as the Chairman of the meeting. This Court also directed that notice be given to each creditor, and an advertisement be published in “Business Standard” (English daily) Mumbai and Hyderabad editions and “Andhra Prabha” (Telugu daily) Hyderabad edition. In its order dated 22.11.2011 this Court noted the affidavit placed on record by Sri Ch.Pushyam Kiran that he had appeared on behalf of one of the creditors of NBL. The earlier order, in C.A.No.1691 of 2011 dated 21.11.2011, was modified and, in the place of Sri Ch.Pushyam Kiran, Sri B.S.Siv

























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