https://www.taxtmi.com/caselaws?id=196071 The court sanctioned the Scheme of Arrangement under the Companies Act, finding it beneficial for shareholders, creditors, and the public. The company's proposed composite scheme for Financial Reconstruction, including share capital restructuring and creditor compromises, was approved. Despite Central Government observations, the court granted prayers in the petition, directing the company to implement the scheme and file necessary documents with the Registrar of Companies. The petition was disposed of with costs awarded to the Central Government standing counsel, and final directions were issued for prompt action on the scheme. en-us Thu, 24 Sep 2015 00:00:00 +0530 Sat, 18 Nov 2017 12:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196071 The court sanctioned the Scheme of Arrangement under the Companies Act, finding it beneficial for shareholders, creditors, and the public. The company's proposed composite scheme for Financial Reconstruction, including share capital restructuring and creditor compromises, was approved. Despite Central Government observations, the court granted prayers in the petition, directing the company to implement the scheme and file necessary documents with the Registrar of Companies. The petition was disposed of with costs awarded to the Central Government standing counsel, and final directions were issued for prompt action on the scheme. Case-Laws Companies Law Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196071