https://www.taxtmi.com/caselaws?id=113997 The court dismissed the applications, finding that Rockwool complied with the procedural and substantive requirements of the Companies Act for the reduction of capital. The allegations of fraud and misrepresentation were not substantiated, and the special resolution for reduction of capital was validly passed with the majority shareholders' approval. The court also highlighted that the registration of the minute with the Registrar of Companies does not bar the court from re-examining the scheme in appropriate cases. en-us Fri, 06 Nov 2009 00:00:00 +0530 Tue, 28 Oct 2014 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113997 The court dismissed the applications, finding that Rockwool complied with the procedural and substantive requirements of the Companies Act for the reduction of capital. The allegations of fraud and misrepresentation were not substantiated, and the special resolution for reduction of capital was validly passed with the majority shareholders' approval. The court also highlighted that the registration of the minute with the Registrar of Companies does not bar the court from re-examining the scheme in appropriate cases. Case-Laws Companies Law Fri, 06 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113997