The Court's power under s 411(6) to approve altered creditors' schemes extends to alterations that may disadvantage shareholders who approved share issues under s 611 item 7 on the basis of the original scheme, provided the Court is satisfied the alterations are fit for approval having regard to all relevant interests including those of shareholders. Creditors who separately support a scheme of arrangement following arm's length negotiations are not 'acting in concert' for the purposes of ss 228(7) or 12(2)(c) merely because they have agreed to support the same transaction, where they have different commercial interests and do not share a common purpose. The arm's length exception under s 210 is readily inferred where negotiations were conducted between parties with different commercial interests in an adversarial relationship.
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