https://www.taxtmi.com/caselaws?id=196636 The court dismissed the writ petition as the Sanctioned Scheme, including Clause 11.6, was deemed binding on the Railways. The court held that the positive net worth of the company does not invalidate the scheme, emphasizing the importance of full scheme implementation for sustained rehabilitation. Compliance with Clause 11.6 was found not to violate any laws or tender conditions, with the court emphasizing the overriding nature of SICA provisions over other laws to ensure the smooth execution of the revival scheme. en-us Fri, 28 Feb 2014 00:00:00 +0530 Sun, 10 Dec 2017 16:49:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196636 The court dismissed the writ petition as the Sanctioned Scheme, including Clause 11.6, was deemed binding on the Railways. The court held that the positive net worth of the company does not invalidate the scheme, emphasizing the importance of full scheme implementation for sustained rehabilitation. Compliance with Clause 11.6 was found not to violate any laws or tender conditions, with the court emphasizing the overriding nature of SICA provisions over other laws to ensure the smooth execution of the revival scheme. Case-Laws Companies Law Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196636