https://www.taxtmi.com/caselaws?id=110416 A sanctioned scheme of arrangement can be recalled only on proof of fraud or legally material suppression, exercised sparingly under the court's inherent powers. Pending shareholder disputes were not treated as mandatory disclosure for sanction, and where the objector knew of the dispute, participated in the meetings, and the scheme was approved by the requisite majority, no fraud or misleading non-disclosure was established. A scheme and related share transfer are not invalidated by alleged breach of interim injunctions unless a subsisting restraint is shown to have been violated; completed transfer before the relevant date and later status quo orders defeated the challenge. en-us Fri, 07 May 2004 00:00:00 +0530 Mon, 16 Apr 2012 16:49:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110416 A sanctioned scheme of arrangement can be recalled only on proof of fraud or legally material suppression, exercised sparingly under the court's inherent powers. Pending shareholder disputes were not treated as mandatory disclosure for sanction, and where the objector knew of the dispute, participated in the meetings, and the scheme was approved by the requisite majority, no fraud or misleading non-disclosure was established. A scheme and related share transfer are not invalidated by alleged breach of interim injunctions unless a subsisting restraint is shown to have been violated; completed transfer before the relevant date and later status quo orders defeated the challenge. Case-Laws Companies Law Fri, 07 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110416