Dispense of Creditor's Meetings

Based on your query, it may be advised that referring to the section 230 (10) The Tribunal may dispense with calling of a meeting of creditor or class of creditors where such creditors or class of creditors, having at least ninety per cent. value, agree and confirm, by way of affidavit, to the scheme of compromise or arrangement.

Obtain a written affidivit from them to the effect that they accord their unconditional consent to the terms of the proposed scheme and they alos authorise the board to make such modifictions which any statutory authoroties may direct in this regard