https://www.taxtmi.com/caselaws?id=102105 Reciprocal obligations in a compromise decree may be examined at the execution stage under section 47 of the Code of Civil Procedure, 1908, where enforcement depends on whether the decree-holder can still perform the corresponding obligation. If the decree requires transfer of company shares and that transfer becomes void after commencement of winding up under section 536(2) of the Companies Act, 1956, the executing court may treat the payment obligation as unenforceable because the interlinked performance cannot be completed. The commentary emphasises that execution cannot proceed mechanically when the decree rests on dependent obligations and the underlying transfer has become legally impossible. en-us Mon, 15 Apr 1991 00:00:00 +0530 Mon, 13 Feb 2012 17:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102105 Reciprocal obligations in a compromise decree may be examined at the execution stage under section 47 of the Code of Civil Procedure, 1908, where enforcement depends on whether the decree-holder can still perform the corresponding obligation. If the decree requires transfer of company shares and that transfer becomes void after commencement of winding up under section 536(2) of the Companies Act, 1956, the executing court may treat the payment obligation as unenforceable because the interlinked performance cannot be completed. The commentary emphasises that execution cannot proceed mechanically when the decree rests on dependent obligations and the underlying transfer has become legally impossible. Case-Laws Companies Law Mon, 15 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102105