https://www.taxtmi.com/caselaws?id=96549 Section 215 permits a court to stay execution where it is just and beneficial; applied here to uphold pari passu distribution in voluntary liquidation under section 207. Attachment under the Code of Civil Procedure does not create a charge or priority until sale, so an attaching creditor lacks legal or equitable preference at the relevant date. Absent exceptional circumstances, the ordinary practice is to stay execution to prevent interference with rateable distribution of assets. On the facts there was attachment but no sale or realized proceeds and no special circumstances, so a stay is appropriate. en-us Tue, 10 Mar 1931 00:00:00 +0530 Mon, 09 Jan 2012 12:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96549 Section 215 permits a court to stay execution where it is just and beneficial; applied here to uphold pari passu distribution in voluntary liquidation under section 207. Attachment under the Code of Civil Procedure does not create a charge or priority until sale, so an attaching creditor lacks legal or equitable preference at the relevant date. Absent exceptional circumstances, the ordinary practice is to stay execution to prevent interference with rateable distribution of assets. On the facts there was attachment but no sale or realized proceeds and no special circumstances, so a stay is appropriate. Case-Laws Companies Law Tue, 10 Mar 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96549