https://www.taxtmi.com/caselaws?id=105343 A scheme of arrangement, modified by the appointed date, was sanctioned because shareholders and creditors unanimously approved it, statutory notices were issued, no objection was raised by the concerned authorities, and the arrangement was found not prejudicial to any person. The sanction made the scheme binding on the shareholders of the transferee-company, subject to approval by the Calcutta High Court in respect of the transferor-companies. en-us Wed, 28 Feb 2001 00:00:00 +0530 Mon, 05 Mar 2012 13:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105343 A scheme of arrangement, modified by the appointed date, was sanctioned because shareholders and creditors unanimously approved it, statutory notices were issued, no objection was raised by the concerned authorities, and the arrangement was found not prejudicial to any person. The sanction made the scheme binding on the shareholders of the transferee-company, subject to approval by the Calcutta High Court in respect of the transferor-companies. Case-Laws Companies Law Wed, 28 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105343