https://www.taxtmi.com/caselaws?id=282755 The second motion petition filed under Section 391 of the Companies Act, 1956 seeking sanction of the Scheme of Arrangement between the Petitioner company and equity shareholders was approved by the Court. The Scheme received unanimous approval from equity shareholders, secured creditors, and unsecured creditors. The Court granted approval based on compliance with regulatory requirements, absence of objections, and supporting documentation. The Petitioner was directed to file a certified copy of the order with the Registrar of Companies within 30 days and to deposit a sum in the Common Pool Fund of the Official Liquidator. en-us Tue, 10 Sep 2013 00:00:00 +0530 Thu, 22 Aug 2019 17:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282755 The second motion petition filed under Section 391 of the Companies Act, 1956 seeking sanction of the Scheme of Arrangement between the Petitioner company and equity shareholders was approved by the Court. The Scheme received unanimous approval from equity shareholders, secured creditors, and unsecured creditors. The Court granted approval based on compliance with regulatory requirements, absence of objections, and supporting documentation. The Petitioner was directed to file a certified copy of the order with the Registrar of Companies within 30 days and to deposit a sum in the Common Pool Fund of the Official Liquidator. Case-Laws Companies Law Tue, 10 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282755