https://www.taxtmi.com/caselaws?id=304172 The appeal for reconsideration of a Scheme of Compromise and Arrangement under Section 230 of the Companies Act, 2013 was dismissed by the Adjudicating Authority. The Authority emphasized the importance of creditor involvement, the lack of significant changes warranting reconsideration, and the unwillingness of stakeholders to accept the revised Scheme despite the inclusion of the 'TEV Study'. The decision highlighted the Authority's discretion in assessing such requests based on stakeholder cooperation and the absence of substantial alterations, ultimately leading to the dismissal of the application without costs awarded. en-us Thu, 19 Nov 2020 00:00:00 +0530 Mon, 12 Sep 2022 08:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304172 The appeal for reconsideration of a Scheme of Compromise and Arrangement under Section 230 of the Companies Act, 2013 was dismissed by the Adjudicating Authority. The Authority emphasized the importance of creditor involvement, the lack of significant changes warranting reconsideration, and the unwillingness of stakeholders to accept the revised Scheme despite the inclusion of the 'TEV Study'. The decision highlighted the Authority's discretion in assessing such requests based on stakeholder cooperation and the absence of substantial alterations, ultimately leading to the dismissal of the application without costs awarded. Case-Laws Companies Law Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304172