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    <title>1995 (7) TMI 260 - HIGH COURT OF CALCUTTA</title>
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    <description>The court sanctioned the Scheme of Arrangement, determining it fair, reasonable, and in the best interest of the shareholders. Minority shareholders&#039; objections were dismissed for lacking merit and specific particulars. The court emphasized its role in ensuring fairness and noted that objections were insubstantial. The scheme, approved by the majority, was upheld, citing precedent that a scheme must be patently unfair for rejection. The court ordered compliance with the judgment, endorsing the scheme&#039;s validity and dismissing claims of unfairness and improper conduct.</description>
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      <title>1995 (7) TMI 260 - HIGH COURT OF CALCUTTA</title>
      <link>https://www.taxtmi.com/caselaws?id=102755</link>
      <description>The court sanctioned the Scheme of Arrangement, determining it fair, reasonable, and in the best interest of the shareholders. Minority shareholders&#039; objections were dismissed for lacking merit and specific particulars. The court emphasized its role in ensuring fairness and noted that objections were insubstantial. The scheme, approved by the majority, was upheld, citing precedent that a scheme must be patently unfair for rejection. The court ordered compliance with the judgment, endorsing the scheme&#039;s validity and dismissing claims of unfairness and improper conduct.</description>
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