https://www.taxtmi.com/caselaws?id=105755 A scheme of arrangement and demerger was treated as compliant with the Companies Act, 1956 because the statutory procedure was followed, the shareholders and unsecured creditors approved it by the requisite majority, and the Regional Director raised no objection. Objections to particular clauses did not undermine the core demerger arrangement, and the disputes over share transfers and brand ownership were regarded as separate controversies pending elsewhere. The opposition was also found not bona fide, and could not defeat a scheme supported by the statutory majority and regulator. en-us Wed, 29 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 14:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105755 A scheme of arrangement and demerger was treated as compliant with the Companies Act, 1956 because the statutory procedure was followed, the shareholders and unsecured creditors approved it by the requisite majority, and the Regional Director raised no objection. Objections to particular clauses did not undermine the core demerger arrangement, and the disputes over share transfers and brand ownership were regarded as separate controversies pending elsewhere. The opposition was also found not bona fide, and could not defeat a scheme supported by the statutory majority and regulator. Case-Laws Companies Law Wed, 29 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105755