https://www.taxtmi.com/caselaws?id=377697 The court dismissed applications CA 1948/2017 and CA 297/2018, ruling that the proposed revival scheme lacked bona fides, did not have the majority support of the company's workers, and failed to disclose essential material facts and financial information. The court found the scheme unjust, unfair, and unreasonable, emphasizing the necessity of full compliance with Section 391 of the Companies Act, 1956. en-us Wed, 20 Mar 2019 00:00:00 +0530 Mon, 04 Nov 2019 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377697 The court dismissed applications CA 1948/2017 and CA 297/2018, ruling that the proposed revival scheme lacked bona fides, did not have the majority support of the company's workers, and failed to disclose essential material facts and financial information. The court found the scheme unjust, unfair, and unreasonable, emphasizing the necessity of full compliance with Section 391 of the Companies Act, 1956. Case-Laws Companies Law Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377697