ORDER
S
35. Accordingly, the scheme of compromise between the Gujarat Lease Financing Ltd. (the Company) and its debenture holders in series 'E' and 'F' at Annexurc 'C' to the petition is sanctioned and the following directions are issued:--
I.
The company shall payits debenture holders in 'E' and 'F' series the following maturity amounts ason 8-8-2001:-
(a) Cumulative debentures :
Rs. 8,400 per debenture
(b)Monthly Income debentures :
Rs. 2,500 per debenture
(c)Regular Return debentures :
Rs. 1,860 per debenture
II.
Theaforesaid amounts shall be paid by the company to the debenture holders along withinterest for the six month period from 8-8-2001to 7-2-2002 at the rate of interest which has accrued on the amount/sdeposited by the company in the 'no lien account' with BNP Paribas pursuantto the Court's order dated 12-7-2001.
III.
The amount/s shall bepaid by the company to the debenture holdersby 28-2-2002.
36. Now that the scheme of compromise and arrangement between the company and its debenture holders in 'E' and 'F' series is sanctioned, the Court directs that the BNP Paribas shall permit the company to withdraw the amount lying with it in the aforesaid 'No lien Account' only for the purpose of payment to the company's debenture holders in 'E' and 'F' series and for no other purpose.
37. The petition is accordingly allowed in the aforesaid terms. Rule is made absolute to the aforesaid extent with no order as to costs.
Company Application No. 337 of 2001 also accordingly stands disposed of.