https://www.taxtmi.com/caselaws?id=96660 A court sanctioning a scheme of arrangement cannot impose a condition or modification that is not part of the scheme and has not been assented to by an authorised representative. The governing principle is that the court may either sanction the scheme as presented or refuse sanction if it is unsatisfactory, but it cannot on its own substitute a materially altered version or add operative terms unless the scheme itself permits such variation or a duly authorised person accepts it. A modification imposed without such consent is impermissible and the sanction order in that modified form is liable to be set aside. en-us Tue, 01 May 1934 00:00:00 +0530 Tue, 10 Jan 2012 12:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96660 A court sanctioning a scheme of arrangement cannot impose a condition or modification that is not part of the scheme and has not been assented to by an authorised representative. The governing principle is that the court may either sanction the scheme as presented or refuse sanction if it is unsatisfactory, but it cannot on its own substitute a materially altered version or add operative terms unless the scheme itself permits such variation or a duly authorised person accepts it. A modification imposed without such consent is impermissible and the sanction order in that modified form is liable to be set aside. Case-Laws Companies Law Tue, 01 May 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96660