https://www.taxtmi.com/caselaws?id=408804 In liquidation, the Tribunal allowed a composite scheme of arrangement to be placed before stakeholders and framed a modified participation process. It directed constitution of the stakeholders committee, representation of stakeholder classes through authorised representatives where applicable, issuance of notices and advertisements, circulation of the scheme synopsis, electronic voting, and submission of the approved scheme for sanction. The approach reflects the statutory framework under the Companies Act, 2013, the Insolvency and Bankruptcy Code, 2016 and the liquidation regulations, recognising that a scheme may still be considered during liquidation where stakeholder consultation is undertaken. en-us Thu, 10 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408804 In liquidation, the Tribunal allowed a composite scheme of arrangement to be placed before stakeholders and framed a modified participation process. It directed constitution of the stakeholders committee, representation of stakeholder classes through authorised representatives where applicable, issuance of notices and advertisements, circulation of the scheme synopsis, electronic voting, and submission of the approved scheme for sanction. The approach reflects the statutory framework under the Companies Act, 2013, the Insolvency and Bankruptcy Code, 2016 and the liquidation regulations, recognising that a scheme may still be considered during liquidation where stakeholder consultation is undertaken. Case-Laws Companies Law Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408804