https://www.taxtmi.com/caselaws?id=278365 Where parties amicably settle a dispute, the Supreme Court recorded the compromise and granted consequential relief, setting aside the appellate tribunal order on the facts before it. It noted that the existing rules did not expressly confer inherent powers on the tribunal to permit a post-admission compromise to take effect, and observed that the rules should be amended so such matters do not require recourse to the Court in future. The operative point is that a settlement may be taken on record and acted upon despite the absence of an express procedural mechanism in the rules. en-us Mon, 13 Nov 2017 00:00:00 +0530 Tue, 29 Jan 2019 07:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278365 Where parties amicably settle a dispute, the Supreme Court recorded the compromise and granted consequential relief, setting aside the appellate tribunal order on the facts before it. It noted that the existing rules did not expressly confer inherent powers on the tribunal to permit a post-admission compromise to take effect, and observed that the rules should be amended so such matters do not require recourse to the Court in future. The operative point is that a settlement may be taken on record and acted upon despite the absence of an express procedural mechanism in the rules. Case-Laws Companies Law Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278365