https://www.taxtmi.com/caselaws?id=785481 Approval of a scheme of arrangement was contested on grounds that it sought to circumvent attachments under the MPID Act and that the approving tribunal exceeded jurisdiction. The tribunal noted the scheme had overwhelming creditor approval and held that a minority objector lacking the statutory voting threshold has no locus to challenge the scheme, citing the threshold for class approval under the Companies Act; consequence: the objection was held incompetent and the appeal dismissed. The tribunal also observed that a sanctioned compromise binds all stakeholders but does not itself usurp criminal or other statutory authorities; public interest, fairness and transparency remain required. en-us Thu, 15 Jan 2026 00:00:00 +0530 Sat, 24 Jan 2026 08:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785481 Approval of a scheme of arrangement was contested on grounds that it sought to circumvent attachments under the MPID Act and that the approving tribunal exceeded jurisdiction. The tribunal noted the scheme had overwhelming creditor approval and held that a minority objector lacking the statutory voting threshold has no locus to challenge the scheme, citing the threshold for class approval under the Companies Act; consequence: the objection was held incompetent and the appeal dismissed. The tribunal also observed that a sanctioned compromise binds all stakeholders but does not itself usurp criminal or other statutory authorities; public interest, fairness and transparency remain required. Case-Laws Companies Law Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785481