https://www.taxtmi.com/caselaws?id=459772 Unsecured creditors supplying raw material were treated as a homogeneous class, and a further split into current and non-current creditors for differential repayment under a rehabilitation scheme was not supported by any disclosed cut-off date or rational basis. The scheme produced substantially unequal treatment between similarly situated creditors without satisfying the requirement of intelligible differentia and rational nexus to the scheme's object. The repayment terms in paragraph 18 therefore required reconsideration, and similar treatment was to be accorded to the affected creditors on fresh determination. en-us Tue, 02 Feb 2010 00:00:00 +0530 Fri, 27 Dec 2024 14:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459772 Unsecured creditors supplying raw material were treated as a homogeneous class, and a further split into current and non-current creditors for differential repayment under a rehabilitation scheme was not supported by any disclosed cut-off date or rational basis. The scheme produced substantially unequal treatment between similarly situated creditors without satisfying the requirement of intelligible differentia and rational nexus to the scheme's object. The repayment terms in paragraph 18 therefore required reconsideration, and similar treatment was to be accorded to the affected creditors on fresh determination. Case-Laws Companies Law Tue, 02 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459772