https://www.taxtmi.com/caselaws?id=112409 The High Court upheld the order sanctioning the scheme of arrangement and reduction of share capital, dismissing the appellant's challenge. The court found that all statutory provisions were complied with, rejecting the appellant's claims of fraud and non-compliance. Despite citing the importance of strict compliance in such matters, the court concluded that the scheme was not tainted by mala fide intentions. The appeal was deemed devoid of substance and dismissed without costs, affirming the decision of the learned Single Judge. en-us Mon, 19 Mar 2007 00:00:00 +0530 Sat, 28 Apr 2012 12:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112409 The High Court upheld the order sanctioning the scheme of arrangement and reduction of share capital, dismissing the appellant's challenge. The court found that all statutory provisions were complied with, rejecting the appellant's claims of fraud and non-compliance. Despite citing the importance of strict compliance in such matters, the court concluded that the scheme was not tainted by mala fide intentions. The appeal was deemed devoid of substance and dismissed without costs, affirming the decision of the learned Single Judge. Case-Laws Companies Law Mon, 19 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112409