https://www.taxtmi.com/caselaws?id=275774 The court sanctioned the Modified Composite Scheme of Arrangement between Core Healthcare Limited and Nirma Limited, binding on all stakeholders, including equity shareholders and lenders. The objections raised regarding creditor classification, disclosure adequacy, share capital reduction, tax benefits, share exchange ratio, and specific creditor claims were addressed and deemed without merit. The court approved the scheme as fair, reasonable, and beneficial, directing the petitioner companies to register the order with the Registrar of Companies. en-us Thu, 01 Mar 2007 00:00:00 +0530 Thu, 14 Mar 2019 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275774 The court sanctioned the Modified Composite Scheme of Arrangement between Core Healthcare Limited and Nirma Limited, binding on all stakeholders, including equity shareholders and lenders. The objections raised regarding creditor classification, disclosure adequacy, share capital reduction, tax benefits, share exchange ratio, and specific creditor claims were addressed and deemed without merit. The court approved the scheme as fair, reasonable, and beneficial, directing the petitioner companies to register the order with the Registrar of Companies. Case-Laws Indian Laws Thu, 01 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275774