P. Jain and another , (1979) 3 SCC 54 , held that once a scheme is sanctioned by the company court, it does not merely operate as an agreement between the parties but it has statutory force and it is binding on the company as well as dissenting creditors or members, as the case may be. In the said judgement also, it was laid down that modifications of the scheme may be permitted, only with a view to better working of the scheme. This was reiterated in the judgement of the Supreme Court in the case of Meghal Homes (P) Limited Vs. Shree Niwas Girni K. K. Samiti and others , (2007) 7 SCC 753 as also, in the case of Reliance Natural Resources Limited Vs. Reliance Industries Limited , (2010) 7 SCC 1 . In the said judgement, it was further held that the Court has wide power to make changes in the scheme, in order to ensure proper working of the scheme, emphasizing that while doing so, the Court cannot change the basic fabric of the scheme. Thus, as per settled law, the Court may exercise power in the aforesaid circumstances. In the present case, the applicants / workers have not been able to demonstrate as to whether any modification of the scheme is necessary for its better working.