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of <h1>High Court overturns ruling on creditor's objection under Section 47 CPC, allows execution to proceed.</h1> <h3>Shusila Bala Basu Versus Anjuman Trading & Banking Co. Ltd.</h3> The High Court of Calcutta set aside the Subordinate Judge's order allowing an objection under Section 47, Civil Procedure Code. The petitioner, a ... Compromise and arrangement The High Court of Calcutta set aside the Subordinate Judge's order allowing an objection under Section 47, Civil Procedure Code. The petitioner, a judgment creditor of a bank, was not bound by a scheme approved by depositors of the bank. The judgment debtor's objection was dismissed, and the Subordinate Judge was directed to proceed with the execution. No costs were awarded. (Case: 1935 (3) TMI 12 - High Court of Calcutta)
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