https://www.taxtmi.com/caselaws?id=99186 A sanctioned compromise recorded the appellant's personal undertaking to give up rights in disputed property and hand over vacant possession; the surrender was not made conditional on prior payment, though the payment and surrender obligations were reciprocal. In proceedings under section 392 of the Companies Act, 1956, the court's supervisory power extends to implementation of both sides of the compromise, and it cannot enforce only one party's obligations without examining whether the other party was ready and willing to perform its own reciprocal promises. The order directing sale and execution of conveyance without that enquiry was unsustainable, and the matter was remitted for fresh disposal. en-us Tue, 14 May 1974 00:00:00 +0530 Wed, 25 Jan 2012 15:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99186 A sanctioned compromise recorded the appellant's personal undertaking to give up rights in disputed property and hand over vacant possession; the surrender was not made conditional on prior payment, though the payment and surrender obligations were reciprocal. In proceedings under section 392 of the Companies Act, 1956, the court's supervisory power extends to implementation of both sides of the compromise, and it cannot enforce only one party's obligations without examining whether the other party was ready and willing to perform its own reciprocal promises. The order directing sale and execution of conveyance without that enquiry was unsustainable, and the matter was remitted for fresh disposal. Case-Laws Companies Law Tue, 14 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99186