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Scheme of arrangement approved by majority creditors was just and fair and therefore to be approved : HC

March 19, 2020[2020] 114 674 (Delhi)

COMPANY LAW : Where scheme for compromise and arrangement was approved by 3/4th of creditors and same was just, fair and reasonable and there was no violation of any statutory provision, it was in interest of justice that said scheme was to be approved subject to supervision of Court

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