https://www.taxtmi.com/caselaws?id=105352 Section 392 of the Companies Act, 1956 is confined to supervising and giving effect to a sanctioned compromise or arrangement under section 391. It allows the High Court to issue directions or modify the scheme only where that is necessary for its proper working. The provision cannot be used as an independent remedy to adjudicate or recover a disputed debt. Where the applicant merely seeks payment of alleged dues and does not show any defect in the scheme's implementation, relief under section 392 is unavailable. The request to use that provision for recovery of the alleged debt was therefore untenable and the challenge failed. en-us Fri, 02 Mar 2001 00:00:00 +0530 Mon, 05 Mar 2012 13:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105352 Section 392 of the Companies Act, 1956 is confined to supervising and giving effect to a sanctioned compromise or arrangement under section 391. It allows the High Court to issue directions or modify the scheme only where that is necessary for its proper working. The provision cannot be used as an independent remedy to adjudicate or recover a disputed debt. Where the applicant merely seeks payment of alleged dues and does not show any defect in the scheme's implementation, relief under section 392 is unavailable. The request to use that provision for recovery of the alleged debt was therefore untenable and the challenge failed. Case-Laws Companies Law Fri, 02 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105352