https://www.taxtmi.com/caselaws?id=110061 The court sanctioned the proposed scheme of arrangement/restructuring under sections 391 and 394 of the Companies Act, 1956. Objections raised by Empire Trading Co. regarding creditor status and meeting notices were rejected. The court found the scheme compliant with statutory requirements and bona fide, emphasizing its role in ensuring procedural compliance. The court favored company revival over winding up, granting sanction for the scheme and disposing of the petition accordingly. en-us Mon, 02 May 2005 00:00:00 +0530 Fri, 13 Apr 2012 16:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110061 The court sanctioned the proposed scheme of arrangement/restructuring under sections 391 and 394 of the Companies Act, 1956. Objections raised by Empire Trading Co. regarding creditor status and meeting notices were rejected. The court found the scheme compliant with statutory requirements and bona fide, emphasizing its role in ensuring procedural compliance. The court favored company revival over winding up, granting sanction for the scheme and disposing of the petition accordingly. Case-Laws Companies Law Mon, 02 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110061