https://www.taxtmi.com/caselaws?id=109783 The court sanctioned the scheme of arrangement under section 391(2) of the Companies Act, 1956, finding it just, fair, and reasonable. The objections of shareholders and observations by the Central Government were rejected, with the court determining that the scheme was in the interest of shareholders and compliant with relevant provisions of the Act. The petitioner was allowed to reduce its capital as per the resolution passed at the general meeting and directed to pay Rs. 3,500 as costs to the Central Government. en-us Wed, 19 Feb 2003 00:00:00 +0530 Wed, 25 Oct 2017 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109783 The court sanctioned the scheme of arrangement under section 391(2) of the Companies Act, 1956, finding it just, fair, and reasonable. The objections of shareholders and observations by the Central Government were rejected, with the court determining that the scheme was in the interest of shareholders and compliant with relevant provisions of the Act. The petitioner was allowed to reduce its capital as per the resolution passed at the general meeting and directed to pay Rs. 3,500 as costs to the Central Government. Case-Laws Companies Law Wed, 19 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109783