https://www.taxtmi.com/caselaws?id=331008 The court sanctioned the proposed scheme of arrangement under the Companies Act, 1956 and Companies Act, 2013, finding it fair, reasonable, and compliant with public policy. The scheme, benefiting shareholders, creditors, and employees, was deemed in the companies' and stakeholders' interests, binding on all relevant parties. Compliance concerns were addressed through affidavits, and post-sanction directions were issued for book preservation, cost payment, stamp duty adjudication, and record maintenance. The petition was disposed of with the scheme's approval, emphasizing legal compliance and stakeholder benefits. en-us Fri, 05 Aug 2016 00:00:00 +0530 Wed, 10 Aug 2016 12:11:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331008 The court sanctioned the proposed scheme of arrangement under the Companies Act, 1956 and Companies Act, 2013, finding it fair, reasonable, and compliant with public policy. The scheme, benefiting shareholders, creditors, and employees, was deemed in the companies' and stakeholders' interests, binding on all relevant parties. Compliance concerns were addressed through affidavits, and post-sanction directions were issued for book preservation, cost payment, stamp duty adjudication, and record maintenance. The petition was disposed of with the scheme's approval, emphasizing legal compliance and stakeholder benefits. Case-Laws Companies Law Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331008