https://www.taxtmi.com/caselaws?id=785602 Doctrine of merger was held inapplicable because the impugned order was open-ended, contemplated contingencies and left proceedings alive, thus not merging into earlier interim orders. The court recognised and upheld the vesting of trustee like powers in a court constituted Special Committee and later a Special Cell to protect unitholder interests, with all actions subject to judicial supervision. Termination of the asset management company did not extinguish liabilities for prior acts, preserving regulatory or statutory proceedings against former managers. The Companies Courts inherent powers were affirmed as distinct from regulatory provisions, permitting invocation of Rule 9 style equitable powers to meet ends of justice. en-us Fri, 23 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785602 Doctrine of merger was held inapplicable because the impugned order was open-ended, contemplated contingencies and left proceedings alive, thus not merging into earlier interim orders. The court recognised and upheld the vesting of trustee like powers in a court constituted Special Committee and later a Special Cell to protect unitholder interests, with all actions subject to judicial supervision. Termination of the asset management company did not extinguish liabilities for prior acts, preserving regulatory or statutory proceedings against former managers. The Companies Courts inherent powers were affirmed as distinct from regulatory provisions, permitting invocation of Rule 9 style equitable powers to meet ends of justice. Case-Laws SEBI Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785602