|
Court sanctioned a s.234 Scheme where statutory requirements were substantially complied with and creditors’ majority approval was bona fide.
Company law – Scheme of Arrangement (s.234 Companies Act) – Substantial compliance with statutory and court directions – Creditors’ meeting and majority approval – Court’s supervisory role not to substitute commercial judgment – Objections based on speculative future entitlements and unproven defective service insufficient to vitiate sanction.
|