Administrator Of S.U., U.T.I. & Anr vs Garware Polyester Ltd

The Supreme Court addressed the restructuring of financial obligations under the Companies Act, 1956, emphasizing that all debenture holders must agree to a restructuring proposal for it to be valid. The Court held that the Respondent's restructuring package, which involved significant payments to various financial institutions, was legally binding despite the dissent of some debenture holders. The judgment clarified that the restructuring agreement was enforceable and upheld the financial arrangements made by the Respondent company.