law: Companies Act, 2013 
  263.
  
    Scheme
  
  to be binding.
  On
  
  and from the date of the coming into operation of the sanctioned scheme or any
  
  provision thereof, the scheme or such provision shall be binding on the sick
  
  company and the transferee company or, as the case may be, the other company
  
  and also on the employees, shareholders, creditors and guarantors of the said
  
  companies.