Section 155 Compromises

  1. Compromises between a company and its creditors in terms of Section 155 Compromises of the Companies Act, 2008
  2. Drafting of proposals for a compromise
  3. Arranging meetings for the adoption of compromise proposals
  4. Chairing of compromise meetings
  5. Applications to the High Court for an order approving (sanctioning) the proposal once adopted by creditors.

“A good compromise, a good piece of legislation, is like a good sentence; or a good piece of music. Everybody can recognize it. They say, ‘Huh. It works. It makes sense.”
– Barack Obama