ajc nn OT OF 1 we 9] J vos: Loct'o2, al = Sheen —late’nal__ Reconsfaudion ter 4 The vali of asset. Jalels Gang Concern Liquidation ian ’p00. Pr'oug Srechald and >» buil di 1820 S26 Matar Vehider 46. ES lovetment Jigong Seth Bhd 26 deo Jnvertert es 30 Po Debtors (Ale Receivable sy sq 199 Boy as Velue of total asrets on liquidation 7 pec te | So, doo Unsecured Geditors Debentures (468, 00 TP Steditert {5}, soo) Bank werdraft (108 00> (So, § | (lo fieference shater #50, 22 © . Defeit (Sr endian shares > (iy, se = Decisien > the volye of __fots| assets on qeing sencan te higher Ah that en liquidation. 4 he jeamy ic fo be _higut dated the assds are onl __Sufficieg? __4e _pay eff __th. uted and Ince of __ctechtors ancl th preference shaves Asa conelusio the debeinte holder aybe expeded gee fo reconstractisn schems ard _sacrrfie faite because akcele cannot payoff the Mabilifen +sue [step +: ‘The proposed scheme for fhe intemal feconstruction of. l the _compaby - fed Regarding fo section _ch_of Companies Act hes 4 dows = company _te__veduee ike hate capital or _teconstwef is financial capital ae tong as scheme hoy been exnfirmed by the court the company has provided the teductisn of shate capital inthe AoA md there must be a special (eralutlon for he feductien _/ + construction with the cequited aejerty of the charehelders —veling in toveut__af_the _ proposed schene, The rominal velyg ef the ordinary have capoital is Yo_be | tedyceal fo kme.20 each | 2 the 6h Preference shares ig h_be _ converteod info Tieference shares of _Rilo.46 each Aft teduclion , the ordinaty ahd __ptefetencr shares fo _be easeltduted bach ye mt cach - ent aay een? = gre fot efeeed bye > Caeare Goodwill toss on disporal of defor vehicles and losses io _ pref zloce accout are fo be _weitten ff I 6 macets oe rétalned a _tollews aH frechold L« B bRO, COD Motor _+ehicles 45 000 fvestment i Tiwana SR 260, 000 Intentorie 0,009