https://www.taxtmi.com/caselaws?id=102102 The court sanctioned the scheme proposed by Neptune Trading Co., approving the compromise and arrangement between Kamla Spinning and Manufacturing Mills Private Ltd., creditors, and employees. The scheme was deemed fair and reasonable, leading to the revocation of the winding-up order, transfer of assets' possession, and specific deadlines for compliance. Objections from All-India Scheduled Castes Development Co-operative Society Limited were dismissed for lacking experience and genuine intentions. The court emphasized the scheme's implementation under its supervision and reserved the right to address any challenges in execution. en-us Wed, 20 Mar 1991 00:00:00 +0530 Mon, 13 Feb 2012 16:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102102 The court sanctioned the scheme proposed by Neptune Trading Co., approving the compromise and arrangement between Kamla Spinning and Manufacturing Mills Private Ltd., creditors, and employees. The scheme was deemed fair and reasonable, leading to the revocation of the winding-up order, transfer of assets' possession, and specific deadlines for compliance. Objections from All-India Scheduled Castes Development Co-operative Society Limited were dismissed for lacking experience and genuine intentions. The court emphasized the scheme's implementation under its supervision and reserved the right to address any challenges in execution. Case-Laws Companies Law Wed, 20 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102102