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of <h1>Appeal Dismissed, Respondent Awarded Costs: Decree Obtained Pre-Scheme Adoption</h1> <h3>Naokhila Loan Co., Ltd. Versus Hemendra Narayan Roy</h3> The appeal was dismissed, and costs were awarded to the respondent as the court held that the respondent was not bound by the scheme of arrangement under ... Compromise and arrangement The appellant raised objections to the execution of a decree obtained by the respondent, citing a scheme of arrangement under the Companies Act. The court held that the respondent was not bound by the scheme as he obtained the decree before the scheme was adopted. The appeal was dismissed, and costs were awarded to the respondent.
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