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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Supreme Court <br /><br /> High Court "unjustifiably considerate" in setting aside order passed on mistaken concession by junior counsel<br /><br /> MANU/SC/0858/2015 - (13 Aug 2015)<br /><br /> </td> </tr> <tr> <td align="left" valign="top">Stantech Project Engg. Pvt. Ltd. v. Nicco Corporation Ltd.</td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Supreme Court differed with the finding of the High Court that a concession by a junior counsel before a Company Court was mistaken. It held that by recording the debt owed by the Respondent would be paid in installments, the counsel had 'displayed legal sagacity' in preventing the winding up of the Respondent. The Supreme Court rebuked the the High Court's "leniency that results in proliferation and prolongation of litigation".</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : Shrimati Jamilabai Abdul Kadar v. Shankarlal Gulabchand <manuid>MANU/SC/0518/1975<manuid> State of Maharashtra v. Ramdas Shrinivas Nayak <manuid>MANU/SC/0117/1982</manuid></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : counsel, mistake, winding up, concession</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>