https://www.taxtmi.com/caselaws?id=108740 The court held that the Central Government's appeal was maintainable under section 391(7) of the Companies Act to protect the interests of the investing public, while SEBI's appeal was not maintainable. It clarified that the company court retains the power to sanction reorganization schemes under sections 100 to 104 and section 391, notwithstanding the provisions of section 77A for share buy-backs. The court found the objections raised against the scheme to be unsubstantiated and dismissed the appeals and notice of motions without costs. en-us Mon, 15 Jul 2002 00:00:00 +0530 Tue, 03 Apr 2012 16:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108740 The court held that the Central Government's appeal was maintainable under section 391(7) of the Companies Act to protect the interests of the investing public, while SEBI's appeal was not maintainable. It clarified that the company court retains the power to sanction reorganization schemes under sections 100 to 104 and section 391, notwithstanding the provisions of section 77A for share buy-backs. The court found the objections raised against the scheme to be unsubstantiated and dismissed the appeals and notice of motions without costs. Case-Laws Companies Law Mon, 15 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108740