V.M. Pancholi, J.

1. This petition is filed by the petitioner-company for the following reliefs:

"26(a) The Composite Scheme of Compromise and Arrangement referred to in para-9 of this petition and being Annexure-"C" (being a corrected copy) hereto, is sanctioned by this Hon'ble Court so as to be binding on all the Equity Shareholders, Preference Shareholders, Class 'A' Lenders and Class 'B' Lenders of the Petitioner Company and on the Petitioner Company.

(b) For such incidental, consequential and supplemental orders and directions may be given as may be made in the premises as to this Hon'ble Court may deem fit and proper."

2. Factual matrix of the case are as under:

2.1. That the petitioner company was incorporated on 17.12.1993 as public limited company in the office of Registrar of Companies under the provisions of the Companies Act. The petitioner company was incorporated for the objects which are set out in the Memorandum and Articles of Association of the company. In paragraph 5 of the petition, the main objects of the company are stated. As per the audited balance