Wednesday, 22 May 2013

Court has no power u/s 392(1)(b) to modify the basic fabric of the sanctioned scheme

CL : The modifications which the Court can carry out are only to be for the proper working of the Scheme. The Court cannot change the basic fabric of the Scheme. A modification for the proper working of the Scheme is distinct from a modification of the Scheme itself . What is permissible under Section 392(1)(b) is the former and not the latter.


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