https://www.taxtmi.com/caselaws?id=113323 The court sanctioned the scheme of arrangement proposed by the petitioner-company under sections 391 to 394 of the Companies Act, 1956, subject to modifications and undertakings provided by the company. The Registrar of Companies' objections regarding accounting standards and compliance with section 211 of the Act were addressed through the company's undertakings and disclosures. The court emphasized the scheme's fairness, legality, and compliance with public policy, referencing relevant case law. Ultimately, the court approved the scheme with the specified modifications and directed the petitioner-company to serve the order on the Registrar of Companies within 30 days. en-us Wed, 31 Mar 2010 00:00:00 +0530 Mon, 13 Oct 2014 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113323 The court sanctioned the scheme of arrangement proposed by the petitioner-company under sections 391 to 394 of the Companies Act, 1956, subject to modifications and undertakings provided by the company. The Registrar of Companies' objections regarding accounting standards and compliance with section 211 of the Act were addressed through the company's undertakings and disclosures. The court emphasized the scheme's fairness, legality, and compliance with public policy, referencing relevant case law. Ultimately, the court approved the scheme with the specified modifications and directed the petitioner-company to serve the order on the Registrar of Companies within 30 days. Case-Laws Companies Law Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113323