https://www.taxtmi.com/caselaws?id=99970 The court held that the petition under section 392 of the Companies Act was not maintainable as the income tax demands on foreign collaborators were outside the scope of the sanctioned reconstruction scheme approved by the court. The court emphasized that its jurisdiction under section 392 should be limited to matters directly related to the approved scheme and cannot intervene in income tax assessments or liabilities not covered by the scheme. The petition was rejected, upholding the respondent's preliminary objection. en-us Mon, 19 Oct 1981 00:00:00 +0530 Mon, 30 Jan 2012 17:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99970 The court held that the petition under section 392 of the Companies Act was not maintainable as the income tax demands on foreign collaborators were outside the scope of the sanctioned reconstruction scheme approved by the court. The court emphasized that its jurisdiction under section 392 should be limited to matters directly related to the approved scheme and cannot intervene in income tax assessments or liabilities not covered by the scheme. The petition was rejected, upholding the respondent's preliminary objection. Case-Laws Companies Law Mon, 19 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99970