https://www.taxtmi.com/caselaws?id=366142 The court approved the Scheme of Revival under Sections 391 to 394 of the Companies Act, 1956, for a company previously under a winding-up order. The scheme, focusing on manufacturing wooden furniture and woven carpets, received approval from unsecured creditors and shareholders. The court dismissed objections, ensuring compliance with legal requirements and emphasizing the scheme's fairness. The judgment sanctioned the revival scheme, revoked the winding-up order, and instructed the transfer of assets to new management, leaving the issue of post-revival dues for consideration in the winding-up petition. en-us Tue, 14 Aug 2018 00:00:00 +0530 Thu, 30 Aug 2018 07:06:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366142 The court approved the Scheme of Revival under Sections 391 to 394 of the Companies Act, 1956, for a company previously under a winding-up order. The scheme, focusing on manufacturing wooden furniture and woven carpets, received approval from unsecured creditors and shareholders. The court dismissed objections, ensuring compliance with legal requirements and emphasizing the scheme's fairness. The judgment sanctioned the revival scheme, revoked the winding-up order, and instructed the transfer of assets to new management, leaving the issue of post-revival dues for consideration in the winding-up petition. Case-Laws Companies Law Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366142