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2008 (1) TMI 619 - HC - Companies LawCompromise and arrangement - Held that:- It cannot be said that the scheme of arrangement is unfair, unreasonable or fraudulent to its shareholders. Thus no reason to interfere with the decision of the shareholders of the companies and objections raised by the Central Government are not sustainable. Leave is granted to the petitioner to file computerized print out of the scheme and the schedule relating thereto in acceptable form. In the event the same is filed, the Department will append such print out to the certified copy of the order sanctioning the scheme without insisting or a handwritten copy. The petitioner is directed to pay costs assessed at 200 GMs to the Central Government.
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