Company – Scheme of arrangement. The applicant company's application for sanction of a transfer scheme was allowed. The Chancery Division held that the jurisdictional threshold had been crossed and accordingly, the approved scheme fell to be considered for sanction. Having considered the applicable legal principles and the relevant issues, the court decided that although the opposition to the scheme by a minority shareholder had some weight and merit, the scheme should be sanctioned and there was no ground upon which sanction of the scheme could be withheld on discretionary grounds.