https://www.taxtmi.com/caselaws?id=108676 The court granted the modification of the scheme of arrangement under sections 391 and 394 of the Companies Act, 1956. The modification involved transferring shares to a related company to comply with regulatory constraints. The court emphasized the need for a workable solution and approved the modification to ensure the scheme's effectiveness and legal compliance. The decision aimed to address regulatory hurdles and uphold stakeholder interests, reflecting a pragmatic approach to ensure the proper functioning of the arrangement. en-us Thu, 09 Jan 2003 00:00:00 +0530 Tue, 03 Apr 2012 13:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108676 The court granted the modification of the scheme of arrangement under sections 391 and 394 of the Companies Act, 1956. The modification involved transferring shares to a related company to comply with regulatory constraints. The court emphasized the need for a workable solution and approved the modification to ensure the scheme's effectiveness and legal compliance. The decision aimed to address regulatory hurdles and uphold stakeholder interests, reflecting a pragmatic approach to ensure the proper functioning of the arrangement. Case-Laws Companies Law Thu, 09 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108676