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Companies Law - Highlights / Catch Notes

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Court has to ensure that the scheme of arrangement was not a ...


Court Must Ensure Scheme of Arrangement u/s 391 is Genuine and Not a Disguise for Other Purposes.

July 23, 2013

Case Laws     Companies Law     SC

Court has to ensure that the scheme of arrangement was not a camouflage for a purpose other than the ostensible reasons U/s 391 whilst approving the scheme the Company Court does not act as a rubber stamp - SC

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