https://www.taxtmi.com/caselaws?id=109034 The Court approved the Scheme of Arrangement between the Transferee Company and the Transferor Company under Sections 391 to 394 of the Companies Act, 1956. The shareholders and unsecured creditors majority approved the Scheme, addressing objections raised by minority shareholders. The Court emphasized its supervisory role to ensure fairness and compliance with the law. The Scheme was found to be fair, just, and reasonable, leading to the approval of the Company Petition without costs awarded. en-us Wed, 17 Mar 2004 00:00:00 +0530 Thu, 05 Apr 2012 15:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109034 The Court approved the Scheme of Arrangement between the Transferee Company and the Transferor Company under Sections 391 to 394 of the Companies Act, 1956. The shareholders and unsecured creditors majority approved the Scheme, addressing objections raised by minority shareholders. The Court emphasized its supervisory role to ensure fairness and compliance with the law. The Scheme was found to be fair, just, and reasonable, leading to the approval of the Company Petition without costs awarded. Case-Laws Companies Law Wed, 17 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109034