https://www.taxtmi.com/caselaws?id=102014 The court dismissed C.A. Nos. 4096 and 4097 of 1989 with costs and allowed C.A. No. 653 of 1990. The scheme proposed by directors and shareholders was found to lack feasibility and viability, with the court noting the intention to delay proceedings. The court vacated the ex parte order of stay and imposed costs to be shared equally among the petitioning creditors and plaintiffs of related suits. en-us Fri, 25 Jan 1991 00:00:00 +0530 Mon, 13 Feb 2012 13:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102014 The court dismissed C.A. Nos. 4096 and 4097 of 1989 with costs and allowed C.A. No. 653 of 1990. The scheme proposed by directors and shareholders was found to lack feasibility and viability, with the court noting the intention to delay proceedings. The court vacated the ex parte order of stay and imposed costs to be shared equally among the petitioning creditors and plaintiffs of related suits. Case-Laws Companies Law Fri, 25 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102014