https://www.taxtmi.com/caselaws?id=459518 Madras HC sanctioned a scheme of arrangement under Sections 391-394 between a company and its secured debenture holders. The scheme was approved by 93.16% of debenture holders, with the company's Founder-Director filing an affidavit accepting the arrangement and undertaking compliance. The court found substantial assets available to discharge debenture holders' claims and granted the company petition as prayed, sanctioning the proposed scheme of arrangement. en-us Wed, 30 Apr 2014 00:00:00 +0530 Tue, 17 Dec 2024 18:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459518 Madras HC sanctioned a scheme of arrangement under Sections 391-394 between a company and its secured debenture holders. The scheme was approved by 93.16% of debenture holders, with the company's Founder-Director filing an affidavit accepting the arrangement and undertaking compliance. The court found substantial assets available to discharge debenture holders' claims and granted the company petition as prayed, sanctioning the proposed scheme of arrangement. Case-Laws Companies Law Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459518