https://www.taxtmi.com/caselaws?id=103260 A scheme of arrangement may be sanctioned where the statutory procedure is complied with, notice is duly served and advertised, and no legal objection or impediment is shown. The shareholders' meeting report confirmed compliance with the Court's directions, the Regional Director did not oppose approval, and the scheme was found bona fide. The scheme was therefore sanctioned and made binding on the companies, their shareholders, and all concerned, with transfer and vesting of the property division and related liabilities operating in accordance with section 394(2) of the Companies Act, 1956. en-us Fri, 23 Jun 1995 00:00:00 +0530 Tue, 21 Feb 2012 18:12:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103260 A scheme of arrangement may be sanctioned where the statutory procedure is complied with, notice is duly served and advertised, and no legal objection or impediment is shown. The shareholders' meeting report confirmed compliance with the Court's directions, the Regional Director did not oppose approval, and the scheme was found bona fide. The scheme was therefore sanctioned and made binding on the companies, their shareholders, and all concerned, with transfer and vesting of the property division and related liabilities operating in accordance with section 394(2) of the Companies Act, 1956. Case-Laws Companies Law Fri, 23 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103260