Scheme of Arrangement - Power of the ‘sanctioning court’

Power of the sanctioning court in the Scheme of Arrangement was again discussed in the recent case of Joint Commissioner of Income Tax (OSD), Circle (3)(3)-1, Mumbai v. Reliance Jio Infocomm Ltd. In the light of the recent decision, an academic analyses is made on authority/jurisdiction of the sanctioning court in an application for approving the scheme of arrangement.

from taxmann.com News https://www.taxmann.com/topstories/222330000000020539/scheme-of-arrangement-power-of-the-‘sanctioning-court’.aspx