https://www.taxtmi.com/caselaws?id=785412 Application sought transfer of Rs. 84 crores with interest from court registry to a Settlement Account under an approved Scheme of Arrangement; the Scheme had been approved by the NCLT which recorded that enforcement and depositor-protection authorities supported the Scheme with reservations about parallel proceedings. The Scheme expressly does not override orders of other courts or authorities and contemplates applications to give effect to orders of such forums; permitting the transfer was found to further justice and facilitate settlement of creditor and investor claims, and the application and related writ petition were disposed. en-us Tue, 16 Dec 2025 00:00:00 +0530 Fri, 23 Jan 2026 09:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785412 Application sought transfer of Rs. 84 crores with interest from court registry to a Settlement Account under an approved Scheme of Arrangement; the Scheme had been approved by the NCLT which recorded that enforcement and depositor-protection authorities supported the Scheme with reservations about parallel proceedings. The Scheme expressly does not override orders of other courts or authorities and contemplates applications to give effect to orders of such forums; permitting the transfer was found to further justice and facilitate settlement of creditor and investor claims, and the application and related writ petition were disposed. Case-Laws Companies Law Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785412