https://www.taxtmi.com/caselaws?id=106748 Where consent terms have been incorporated into a court order, the court may enlarge the time for compliance and modify the payment schedule in the interest of justice by exercising its procedural and inherent powers. The document notes that although the payment obligations had not been met, the respondent-company showed bona fides by proposing a revised and accelerated repayment plan. On that basis, the delay in moving the application was condoned and the consent terms were varied to extend the payment dates, with the company receiving relief from immediate admission consequences in the winding-up proceedings. en-us Thu, 02 Aug 2001 00:00:00 +0530 Thu, 15 Mar 2012 15:10:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106748 Where consent terms have been incorporated into a court order, the court may enlarge the time for compliance and modify the payment schedule in the interest of justice by exercising its procedural and inherent powers. The document notes that although the payment obligations had not been met, the respondent-company showed bona fides by proposing a revised and accelerated repayment plan. On that basis, the delay in moving the application was condoned and the consent terms were varied to extend the payment dates, with the company receiving relief from immediate admission consequences in the winding-up proceedings. Case-Laws Companies Law Thu, 02 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106748