https://www.taxtmi.com/caselaws?id=282574 A sanctioned scheme of arrangement could not be recalled on a unilateral application by one party alone, because post-sanction interference with a consent-based arrangement must proceed through the Companies Act's statutory supervision and modification mechanism. The court also held that the asserted mining-law objection did not justify recall, since the scheme transferred only a pending application for a mining lease, not an existing lease requiring prior approval. Once the scheme had been sanctioned and acted upon, recall was not the proper remedy; any substantial change had to be sought through the statutory modification process. en-us Fri, 12 Jul 2013 00:00:00 +0530 Tue, 13 Aug 2019 14:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282574 A sanctioned scheme of arrangement could not be recalled on a unilateral application by one party alone, because post-sanction interference with a consent-based arrangement must proceed through the Companies Act's statutory supervision and modification mechanism. The court also held that the asserted mining-law objection did not justify recall, since the scheme transferred only a pending application for a mining lease, not an existing lease requiring prior approval. Once the scheme had been sanctioned and acted upon, recall was not the proper remedy; any substantial change had to be sought through the statutory modification process. Case-Laws Companies Law Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282574