https://www.taxtmi.com/caselaws?id=284010 The Court determined that the time had come to frame a Scheme for the sale of attached shares belonging to the notified parties, despite objections raised by the parties. The Court clarified the distinction between sale and distribution of assets, allowing for the independent sale of assets. The Scheme, which included the constitution of a Disposal Committee, was approved with certain norms to ensure transparency and the best possible price. The Court retained control over the sale of bulk shares and controlling blocks of shares to prevent destabilization of companies. The implementation of the Scheme was directed to proceed in phases, with the Court reserving the right to make further adjustments as necessary. en-us Thu, 17 Aug 2000 00:00:00 +0530 Wed, 23 Oct 2019 15:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284010 The Court determined that the time had come to frame a Scheme for the sale of attached shares belonging to the notified parties, despite objections raised by the parties. The Court clarified the distinction between sale and distribution of assets, allowing for the independent sale of assets. The Scheme, which included the constitution of a Disposal Committee, was approved with certain norms to ensure transparency and the best possible price. The Court retained control over the sale of bulk shares and controlling blocks of shares to prevent destabilization of companies. The implementation of the Scheme was directed to proceed in phases, with the Court reserving the right to make further adjustments as necessary. Case-Laws Indian Laws Thu, 17 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284010