https://www.taxtmi.com/caselaws?id=109107 The High Court sanctioned a Scheme of Arrangement under sections 391 to 394 of the Companies Act involving the demerger of a company's cement business, with L&T holding 20% equity and the rest distributed among its shareholders. The restructuring aimed at enhancing shareholder value and global competitiveness, with the Board of Directors' approval and support from stock exchanges. Despite objections raised, the court found the Scheme fair, just, and in the interest of shareholders and creditors, granting absolute approval with costs to be paid to the Regional Director. en-us Thu, 22 Apr 2004 00:00:00 +0530 Thu, 05 Apr 2012 18:33:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109107 The High Court sanctioned a Scheme of Arrangement under sections 391 to 394 of the Companies Act involving the demerger of a company's cement business, with L&T holding 20% equity and the rest distributed among its shareholders. The restructuring aimed at enhancing shareholder value and global competitiveness, with the Board of Directors' approval and support from stock exchanges. Despite objections raised, the court found the Scheme fair, just, and in the interest of shareholders and creditors, granting absolute approval with costs to be paid to the Regional Director. Case-Laws Companies Law Thu, 22 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109107