https://www.taxtmi.com/caselaws?id=111268 The Court found the Company's application maintainable under Section 392 of the Companies Act, 1956. It determined that the Gas Sale Master Agreement (GSMA) dated 12-01-2006 was not an integral part of the sanctioned scheme. The agreements dated 12-01-2006 and amended on 27-01-2006 were deemed inconsistent with the sanctioned scheme. Ad interim relief was granted to protect the Applicant's interests in a specified quantity of gas, directing the Respondent to safeguard these interests and proceed with an auction for the remaining gas quantity. The Court's views were provisional, with the main application set for a hearing post the Summer Vacation. en-us Thu, 03 May 2007 00:00:00 +0530 Sat, 21 Apr 2012 15:28:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111268 The Court found the Company's application maintainable under Section 392 of the Companies Act, 1956. It determined that the Gas Sale Master Agreement (GSMA) dated 12-01-2006 was not an integral part of the sanctioned scheme. The agreements dated 12-01-2006 and amended on 27-01-2006 were deemed inconsistent with the sanctioned scheme. Ad interim relief was granted to protect the Applicant's interests in a specified quantity of gas, directing the Respondent to safeguard these interests and proceed with an auction for the remaining gas quantity. The Court's views were provisional, with the main application set for a hearing post the Summer Vacation. Case-Laws Companies Law Thu, 03 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111268