https://www.taxtmi.com/caselaws?id=113397 Section 19(4) of SICA is to be read harmoniously with section 18 so that a revival scheme may include financial assistance and concessions even where one secured creditor withholds consent. The expression "one or more" in section 18 supports rehabilitation through combined measures, and section 18(3)(b) permits consideration of objections without conferring a veto on a minority creditor. The statutory objective of revival, protection of employment and avoidance of winding up would be undermined if one dissenting creditor could block the scheme. The Delhi HC therefore sustained the rehabilitation orders and rejected the writ challenge. en-us Wed, 05 May 2010 00:00:00 +0530 Tue, 07 Oct 2014 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113397 Section 19(4) of SICA is to be read harmoniously with section 18 so that a revival scheme may include financial assistance and concessions even where one secured creditor withholds consent. The expression "one or more" in section 18 supports rehabilitation through combined measures, and section 18(3)(b) permits consideration of objections without conferring a veto on a minority creditor. The statutory objective of revival, protection of employment and avoidance of winding up would be undermined if one dissenting creditor could block the scheme. The Delhi HC therefore sustained the rehabilitation orders and rejected the writ challenge. Case-Laws Companies Law Wed, 05 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113397