https://www.taxtmi.com/caselaws?id=108417 The court approved the scheme of arrangement after finding it compliant with legal requirements and beneficial for the company and stakeholders. The majority of secured creditors supported the scheme, meeting the necessary approval threshold. The failure to convene a meeting of preference shareholders was deemed substantially compliant as written consent was obtained. Allegations of contravening the Trade Marks Act were dismissed, allowing for separate legal action if needed. Modifications suggested by ICICI were accepted, and the scheme was sanctioned with adjustments to accommodate regulatory restrictions and protect stakeholders' interests. en-us Thu, 13 Feb 2003 00:00:00 +0530 Mon, 05 Mar 2018 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108417 The court approved the scheme of arrangement after finding it compliant with legal requirements and beneficial for the company and stakeholders. The majority of secured creditors supported the scheme, meeting the necessary approval threshold. The failure to convene a meeting of preference shareholders was deemed substantially compliant as written consent was obtained. Allegations of contravening the Trade Marks Act were dismissed, allowing for separate legal action if needed. Modifications suggested by ICICI were accepted, and the scheme was sanctioned with adjustments to accommodate regulatory restrictions and protect stakeholders' interests. Case-Laws Companies Law Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108417