Grasim Industries Ltd has informed that pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh Indore Bench has directed that a meeting of the secured creditors (including debenture holders) of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the equity shareholders of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the Scheme).
Further, pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh Indore Bench has directed that a meeting of the unsecured creditors of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the secured creditors (including debenture holders) of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the Scheme).
Further, pursuant to an order made on September 01, 2008, the High Court of Madhya Pradesh Indore Bench has directed that a meeting of the unsecured creditors of the Company will be held on October 13, 2008 or so soon thereafter after the conclusion of the meeting of the secured creditors (including debenture holders) of the Company, for the purpose of considering, and if thought fit, approving with or without modification, the Scheme of Arrangement between the Grasim Industries Ltd (Applicant Company), Vikram Sponge Iron Ltd and their respective shareholders and creditors (the Scheme).
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