https://www.taxtmi.com/caselaws?id=391963 The court approved the Scheme of Compromise and Arrangement under Sections 391-393 of the Companies Act, 1956 for Vigneshwara Developwell Private Limited and Vigneshwara Developers Private Limited. The court found no fraudulent intent, confirmed compliance with the 3/4th majority approval requirement, and addressed objections raised by various associations and individual creditors. The scheme was deemed just, fair, and reasonable, with supervision by a retired judge for implementation. Compliance with the Real Estate (Regulation and Development) Act, 2016 was directed to be ensured. en-us Mon, 27 Jan 2020 00:00:00 +0530 Tue, 11 Feb 2020 07:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391963 The court approved the Scheme of Compromise and Arrangement under Sections 391-393 of the Companies Act, 1956 for Vigneshwara Developwell Private Limited and Vigneshwara Developers Private Limited. The court found no fraudulent intent, confirmed compliance with the 3/4th majority approval requirement, and addressed objections raised by various associations and individual creditors. The scheme was deemed just, fair, and reasonable, with supervision by a retired judge for implementation. Compliance with the Real Estate (Regulation and Development) Act, 2016 was directed to be ensured. Case-Laws Companies Law Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391963