https://www.taxtmi.com/caselaws?id=97162 A stay of proceedings granted during pendency of a company-law scheme continued after the scheme was sanctioned, so execution of the decree could not proceed. An objection challenging the enforceability of the decree in execution was a question arising between the parties and was maintainable under Section 47 CPC. The stay order was construed to apply to all creditors, not only unsecured creditors, because its language covered all suits and proceedings and no provision in Section 153 of the Companies Act limited it otherwise. Payment made before the scheme's contemplated date did not amount to waiver of the scheme's benefits, as it was consistent with compliance and did not show relinquishment of rights. en-us Mon, 26 Nov 1951 00:00:00 +0530 Sat, 14 Jan 2012 12:21:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97162 A stay of proceedings granted during pendency of a company-law scheme continued after the scheme was sanctioned, so execution of the decree could not proceed. An objection challenging the enforceability of the decree in execution was a question arising between the parties and was maintainable under Section 47 CPC. The stay order was construed to apply to all creditors, not only unsecured creditors, because its language covered all suits and proceedings and no provision in Section 153 of the Companies Act limited it otherwise. Payment made before the scheme's contemplated date did not amount to waiver of the scheme's benefits, as it was consistent with compliance and did not show relinquishment of rights. Case-Laws Companies Law Mon, 26 Nov 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97162