https://www.taxtmi.com/caselaws?id=108143 The Court dismissed the Company Petition and CA No. 539 of 2002, while allowing CA No. 665 of 2001, rejecting the scheme proposed by the Petitioner. The Court found the Petitioner's scheme did not comply with statutory requirements, undervalued assets, and primarily benefited the Petitioner. The opposing shareholder's modified scheme was deemed more beneficial but lacked the necessary approval. Ultimately, the Court concluded that the Petitioner's scheme was inequitable and not advantageous to all members and creditors, leading to its rejection. en-us Fri, 18 Apr 2003 00:00:00 +0530 Fri, 30 Mar 2012 12:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108143 The Court dismissed the Company Petition and CA No. 539 of 2002, while allowing CA No. 665 of 2001, rejecting the scheme proposed by the Petitioner. The Court found the Petitioner's scheme did not comply with statutory requirements, undervalued assets, and primarily benefited the Petitioner. The opposing shareholder's modified scheme was deemed more beneficial but lacked the necessary approval. Ultimately, the Court concluded that the Petitioner's scheme was inequitable and not advantageous to all members and creditors, leading to its rejection. Case-Laws Companies Law Fri, 18 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108143