https://www.taxtmi.com/caselaws?id=113511 The Court sanctioned the scheme of arrangement and compromise with the shareholders without modification. The scheme involved reducing the share capital and converting a portion into unsecured loans, approved by equity shareholders and found to be in compliance with the Companies Act. The Court ensured the protection of minority shareholders and creditors' interests, concluding that the scheme was fair and equitable. The company petition was allowed as per the terms outlined in the judgment, to be published in specified newspapers after registration with the Registrar of Companies. en-us Mon, 16 Nov 2009 00:00:00 +0530 Mon, 27 Oct 2014 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113511 The Court sanctioned the scheme of arrangement and compromise with the shareholders without modification. The scheme involved reducing the share capital and converting a portion into unsecured loans, approved by equity shareholders and found to be in compliance with the Companies Act. The Court ensured the protection of minority shareholders and creditors' interests, concluding that the scheme was fair and equitable. The company petition was allowed as per the terms outlined in the judgment, to be published in specified newspapers after registration with the Registrar of Companies. Case-Laws Companies Law Mon, 16 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113511