https://www.taxtmi.com/caselaws?id=433001 The Appeals were dismissed at the Admission Stage, with the Appellants given liberty to file a fresh Petition rectifying the identified irregularities. The Tribunal emphasized compliance with statutory requirements and public policy, noting no pending actions should be against the Company by any Public Authority before sanctioning the Scheme. The NCLT rejected the Scheme due to objections raised by the Regional Director and Official Liquidator, granting liberty to rectify deficiencies and approach afresh. en-us Wed, 18 Jan 2023 00:00:00 +0530 Wed, 18 Jan 2023 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433001 The Appeals were dismissed at the Admission Stage, with the Appellants given liberty to file a fresh Petition rectifying the identified irregularities. The Tribunal emphasized compliance with statutory requirements and public policy, noting no pending actions should be against the Company by any Public Authority before sanctioning the Scheme. The NCLT rejected the Scheme due to objections raised by the Regional Director and Official Liquidator, granting liberty to rectify deficiencies and approach afresh. Case-Laws Companies Law Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433001