https://www.taxtmi.com/caselaws?id=398885 A scheme of arrangement may be sanctioned where the required corporate approvals are in place, objections are addressed through replies and undertakings, and the Tribunal is satisfied that the scheme is fair, reasonable, lawful, and not contrary to public policy. The Scheme was approved on that basis. Where the scheme specifies an appointed date, the Tribunal applied the governing statutory requirement and accepted that the scheme would operate from that date. The Scheme was therefore given effect from 1 April 2019, with the petitioners' clarifications and undertakings accepted. en-us Mon, 27 Jul 2020 00:00:00 +0530 Sat, 26 Sep 2020 11:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398885 A scheme of arrangement may be sanctioned where the required corporate approvals are in place, objections are addressed through replies and undertakings, and the Tribunal is satisfied that the scheme is fair, reasonable, lawful, and not contrary to public policy. The Scheme was approved on that basis. Where the scheme specifies an appointed date, the Tribunal applied the governing statutory requirement and accepted that the scheme would operate from that date. The Scheme was therefore given effect from 1 April 2019, with the petitioners' clarifications and undertakings accepted. Case-Laws Companies Law Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398885