https://www.taxtmi.com/caselaws?id=233357 Liability under an approved rehabilitation scheme could not be expanded beyond its express terms. The Court found that the company's obligations were confined to the scheme's stated payment mechanism, and that a no dues certificate and full and final discharge from the lead financial institution supported its position. Claims for additional liabilities, tax dues, processing-charge shortfall, deputed personnel wages, UPSIDC dues, and income-tax liabilities failed because no express scheme obligation covered them. The alleged wrongful sale of plant and machinery also did not attract damages, as the sale of unusable equipment to the highest bidder was not shown to be mala fide or improper. en-us Thu, 25 Apr 2013 00:00:00 +0530 Mon, 29 Apr 2013 07:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233357 Liability under an approved rehabilitation scheme could not be expanded beyond its express terms. The Court found that the company's obligations were confined to the scheme's stated payment mechanism, and that a no dues certificate and full and final discharge from the lead financial institution supported its position. Claims for additional liabilities, tax dues, processing-charge shortfall, deputed personnel wages, UPSIDC dues, and income-tax liabilities failed because no express scheme obligation covered them. The alleged wrongful sale of plant and machinery also did not attract damages, as the sale of unusable equipment to the highest bidder was not shown to be mala fide or improper. Case-Laws Companies Law Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233357