https://www.taxtmi.com/caselaws?id=112597 The court approved the Scheme of Arrangement between Reliance Communications Ltd. and Reliance Infratel Ltd. under section 394 of the Companies Act, 1956. The court found compliance with legal requirements, transparency in asset valuation, minimal impact on shareholders and creditors, adherence to accounting standards, and procedural fairness in meetings. Modifications were made regarding the interest rate on deferred consideration. The court rejected public interest objections and awarded costs to the Regional Director. The Scheme was approved with specified conditions, and parties were directed to act accordingly. en-us Sat, 18 Jul 2009 00:00:00 +0530 Wed, 05 Nov 2014 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112597 The court approved the Scheme of Arrangement between Reliance Communications Ltd. and Reliance Infratel Ltd. under section 394 of the Companies Act, 1956. The court found compliance with legal requirements, transparency in asset valuation, minimal impact on shareholders and creditors, adherence to accounting standards, and procedural fairness in meetings. Modifications were made regarding the interest rate on deferred consideration. The court rejected public interest objections and awarded costs to the Regional Director. The Scheme was approved with specified conditions, and parties were directed to act accordingly. Case-Laws Companies Law Sat, 18 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112597