https://www.taxtmi.com/caselaws?id=797061 Conditional votes supporting a revival scheme cannot be treated as unconditional statutory assent where the attached modifications affect allottees' contractual and financial rights. Valid approval under scheme-sanction provisions requires the prescribed majority to accept the arrangement placed for sanction, with adequate disclosure enabling informed decisions by each affected class. Numerical support and majority commercial judgment become relevant only after valid assent, informed participation and fairness to the class as a whole are established. The revival scheme's approval was not validly established because conditional votes, proposed modifications and objections required examination; fresh consideration was required in compliance with the statutory procedure. en-us Wed, 13 May 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797061 Conditional votes supporting a revival scheme cannot be treated as unconditional statutory assent where the attached modifications affect allottees' contractual and financial rights. Valid approval under scheme-sanction provisions requires the prescribed majority to accept the arrangement placed for sanction, with adequate disclosure enabling informed decisions by each affected class. Numerical support and majority commercial judgment become relevant only after valid assent, informed participation and fairness to the class as a whole are established. The revival scheme's approval was not validly established because conditional votes, proposed modifications and objections required examination; fresh consideration was required in compliance with the statutory procedure. Case-Laws Companies Law Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797061