https://www.taxtmi.com/caselaws?id=105507 Pending sanction of a scheme of arrangement, individual creditor claims are not barred in principle, and the court may exercise its inherent power to grant limited equitable relief where hardship is shown. The proposed scheme does not bind dissenting or individual creditors until court sanction is granted, but there is no statutory bar to entertaining a payment application in appropriate cases. In hardship circumstances, the court may direct payment of the unpaid principal within a fixed time while declining further interest and any penalty. en-us Mon, 27 Aug 2001 00:00:00 +0530 Mon, 05 Mar 2012 18:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105507 Pending sanction of a scheme of arrangement, individual creditor claims are not barred in principle, and the court may exercise its inherent power to grant limited equitable relief where hardship is shown. The proposed scheme does not bind dissenting or individual creditors until court sanction is granted, but there is no statutory bar to entertaining a payment application in appropriate cases. In hardship circumstances, the court may direct payment of the unpaid principal within a fixed time while declining further interest and any penalty. Case-Laws Companies Law Mon, 27 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105507