Reviewed case brief

Miheer H Mafatlal v Mafatlal Industries Ltd

AIR 1997 SC 506

AIR 1997 SC 506 · Supreme Court of India

scheme-of-arrangementNCLTcourt-sanctioncommercial-wisdommajority-creditors
Court
Supreme Court of India
Year
1997
Subjects
Company Law
Reviewed
2026-08-02

Rule established

The court's role in sanctioning a scheme of arrangement is limited to ensuring fairness, lawfulness, and that the class was fairly represented; commercial wisdom of the majority prevails over judicial second-guessing

Facts

    Issues

      Held

        Ratio decidendi

        How to use it in an exam

        Editorial source

        AIR 1997 SC 506

        Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.