https://www.taxtmi.com/caselaws?id=110069 The Supreme Court upheld the restructuring scheme approved by the majority of debenture holders, emphasizing corporate democracy principles and the Company Court's jurisdiction under Section 391 of the Companies Act. The court rejected the appellants' arguments on the validity of Clause 7.5 and the applicability of Section 28 of the Indian Contract Act, affirming the fairness and reasonableness of the scheme. en-us Mon, 09 May 2005 00:00:00 +0530 Mon, 06 Apr 2020 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110069 The Supreme Court upheld the restructuring scheme approved by the majority of debenture holders, emphasizing corporate democracy principles and the Company Court's jurisdiction under Section 391 of the Companies Act. The court rejected the appellants' arguments on the validity of Clause 7.5 and the applicability of Section 28 of the Indian Contract Act, affirming the fairness and reasonableness of the scheme. Case-Laws Indian Laws Mon, 09 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110069