https://www.taxtmi.com/caselaws?id=104254 The court rejected the proposed scheme of compromise or arrangement due to lack of proper notice, misleading statements, financial mismanagement, and non-compliance with statutory regulations. The court appointed the Official Liquidator as the Provisional Liquidator to oversee the collection of loans and payment to depositors, ensuring the protection of their interests. en-us Tue, 28 Sep 1999 00:00:00 +0530 Tue, 28 Feb 2012 14:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104254 The court rejected the proposed scheme of compromise or arrangement due to lack of proper notice, misleading statements, financial mismanagement, and non-compliance with statutory regulations. The court appointed the Official Liquidator as the Provisional Liquidator to oversee the collection of loans and payment to depositors, ensuring the protection of their interests. Case-Laws Companies Law Tue, 28 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104254