https://www.taxtmi.com/caselaws?id=395069 The court approved the proposed scheme of compromise and arrangement under sections 391-393 of the Companies Act, 1956, for the revival of the company and completion of specific projects. Despite objections from various stakeholders regarding criminal liabilities waiver and concerns about fund siphoning, the court appointed a commissioner to oversee the scheme's implementation. The objections were dismissed, and the scheme was sanctioned with modifications to protect stakeholders' interests, ensuring transparency and accountability. en-us Mon, 17 Feb 2020 00:00:00 +0530 Tue, 05 May 2020 08:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395069 The court approved the proposed scheme of compromise and arrangement under sections 391-393 of the Companies Act, 1956, for the revival of the company and completion of specific projects. Despite objections from various stakeholders regarding criminal liabilities waiver and concerns about fund siphoning, the court appointed a commissioner to oversee the scheme's implementation. The objections were dismissed, and the scheme was sanctioned with modifications to protect stakeholders' interests, ensuring transparency and accountability. Case-Laws Companies Law Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395069