https://www.taxtmi.com/caselaws?id=193901 The court justified the reduction of capital due to the company's financial struggles post-9/11, aiming to reflect an accurate financial position. The court required publication of notices for transparency, with the petitioner undertaking to seek court permission for future borrowing. This decision aimed to protect creditors' interests and ensure fairness among shareholders, with the court scheduling a hearing for objections and further review. en-us Sat, 17 Jun 2006 00:00:00 +0530 Tue, 22 Aug 2017 16:43:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193901 The court justified the reduction of capital due to the company's financial struggles post-9/11, aiming to reflect an accurate financial position. The court required publication of notices for transparency, with the petitioner undertaking to seek court permission for future borrowing. This decision aimed to protect creditors' interests and ensure fairness among shareholders, with the court scheduling a hearing for objections and further review. Case-Laws Companies Law Sat, 17 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193901