https://www.taxtmi.com/caselaws?id=103081 In proceedings to enforce a compromise decree under section 634A of the Companies Act, 1956, the forum could extend the time fixed for compliance where time was not the essence of the settlement and implementation terms had not been finally worked out. The court applied the principle that, where it retains control over the decree and justice requires, it may grant extension on appropriate terms. It also treated compensatory interest for delay as a proper moulding of relief to secure settlement implementation. The challenge to the order was therefore rejected, and the enforcement arrangement was left undisturbed. en-us Wed, 22 May 1996 00:00:00 +0530 Mon, 20 Feb 2012 16:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103081 In proceedings to enforce a compromise decree under section 634A of the Companies Act, 1956, the forum could extend the time fixed for compliance where time was not the essence of the settlement and implementation terms had not been finally worked out. The court applied the principle that, where it retains control over the decree and justice requires, it may grant extension on appropriate terms. It also treated compensatory interest for delay as a proper moulding of relief to secure settlement implementation. The challenge to the order was therefore rejected, and the enforcement arrangement was left undisturbed. Case-Laws Companies Law Wed, 22 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103081