https://www.taxtmi.com/caselaws?id=97040 Section 153 of the Companies Act, 1913 empowers the court to convene meetings and sanction or refuse a compromise or arrangement, but post-sanction powers to make ancillary, incidental, or consequential orders are expressly provided only for reconstruction or amalgamation schemes under section 153A. Where a scheme is sanctioned outside winding up and does not fall within those provisions, the company court becomes functus officio and cannot later enforce, modify, or adjudicate claims arising under the scheme. Jurisdiction cannot be created by clauses in the scheme, by section 141 of the Code of Civil Procedure, 1908, or by inherent powers. Parties must pursue their rights in ordinary legal proceedings. en-us Thu, 15 Sep 1949 00:00:00 +0530 Fri, 13 Jan 2012 17:24:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97040 Section 153 of the Companies Act, 1913 empowers the court to convene meetings and sanction or refuse a compromise or arrangement, but post-sanction powers to make ancillary, incidental, or consequential orders are expressly provided only for reconstruction or amalgamation schemes under section 153A. Where a scheme is sanctioned outside winding up and does not fall within those provisions, the company court becomes functus officio and cannot later enforce, modify, or adjudicate claims arising under the scheme. Jurisdiction cannot be created by clauses in the scheme, by section 141 of the Code of Civil Procedure, 1908, or by inherent powers. Parties must pursue their rights in ordinary legal proceedings. Case-Laws Companies Law Thu, 15 Sep 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97040