Friday 24 January 2014

Court should not reject sec. 391 scheme if it isn’t contrary to any law or is against public interes

CL: Unless scheme under section 391 was shown to be contrary to any law or shocks conscience of court or was patently unfair to members or creditors or any class of them or was against public interest or against public policy, same should not be rejected


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  1. VIKRAMADITYA27 January 2014 at 01:40

    In which judgment it has been held that, "unless scheme under section 391 was shown to be contrary to any law or shocks conscience of court or was patently unfair to members or creditors or any class of them or was against public interest or against public policy, same should not be rejected" ? where can I get the full text of this judgment order?

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