https://www.taxtmi.com/caselaws?id=791571 An approved scheme of arrangement binding on the requisite majority also bound dissenting specified creditors, and its release and assignment clauses were treated as part of the collective settlement structure. Claims linked to the payment default and connected broker claims were validly assigned to 63 Moons on the settlement trigger event, with future recoveries to accrue to that assignee. Having accepted benefits under the scheme, the creditors could not treat the same underlying claims as separately enforceable in parallel civil proceedings against consenting brokers. The challenge to the scheme was rejected, and continuation of the parallel proceedings was impermissible in derogation of the approved arrangement. en-us Tue, 12 May 2026 00:00:00 +0530 Wed, 13 May 2026 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791571 An approved scheme of arrangement binding on the requisite majority also bound dissenting specified creditors, and its release and assignment clauses were treated as part of the collective settlement structure. Claims linked to the payment default and connected broker claims were validly assigned to 63 Moons on the settlement trigger event, with future recoveries to accrue to that assignee. Having accepted benefits under the scheme, the creditors could not treat the same underlying claims as separately enforceable in parallel civil proceedings against consenting brokers. The challenge to the scheme was rejected, and continuation of the parallel proceedings was impermissible in derogation of the approved arrangement. Case-Laws Companies Law Tue, 12 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791571