https://www.taxtmi.com/caselaws?id=259924 A High Court exercising company-court jurisdiction may, in appropriate cases, use its inherent powers under Rule 9 of the Companies (Court) Rules, 1959 to mould or reschedule instalment relief so as to do substantial justice, provided the ultimate decision is not disturbed. The Code of Civil Procedure does not override the special company-court rules where there is no conflict, and the court may correct its own mistake as a court of record. On that basis, an application to alter the payment schedule in a winding-up matter was treated as maintainable even after disposal of the appeal, with limited relief granted by deferring the proposed rescheduling while continuing the existing monthly payment obligation. en-us Fri, 17 Apr 2015 00:00:00 +0530 Tue, 26 May 2015 07:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259924 A High Court exercising company-court jurisdiction may, in appropriate cases, use its inherent powers under Rule 9 of the Companies (Court) Rules, 1959 to mould or reschedule instalment relief so as to do substantial justice, provided the ultimate decision is not disturbed. The Code of Civil Procedure does not override the special company-court rules where there is no conflict, and the court may correct its own mistake as a court of record. On that basis, an application to alter the payment schedule in a winding-up matter was treated as maintainable even after disposal of the appeal, with limited relief granted by deferring the proposed rescheduling while continuing the existing monthly payment obligation. Case-Laws Companies Law Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259924