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2020 (5) TMI 102 - HC - Companies LawApproval of proposed scheme of compromise and arrangement - commercial viability of the scheme questioned - HELD THAT:- It is not for this court to sit on the commercial wisdom of the scheme. This court is not sitting as an appellate authority to determine the commercial facets of the scheme. Majority of the concerned creditors in terms of Section 391 of the Companies Act, 1956, have in their wisdom approved the scheme with modification by above 75% majority. There are no reason to not accept the scheme. There is no merit in the objections and the same are dismissed. Petition dismissed.
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