TMI Blogword “just and equitable”X X X X Extracts X X X X X X X X Extracts X X X X ..... . The principle behind just and equitable clause, in the words of the House of Lords is that equity always does enable the Court to subject the exercise of legal rights to equitable considerations . In other words, equitable considerations get superimposed on statutorily governed legal rights under this clause. It is well settled that the words just and equitable in the legislation specifying the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Edition (2017) of the Halsbury s Laws of England. Two of them are (i) where the company is a bubble company; and (ii) where the company is fraudulent in its inception and carries on at a loss without a capital of its own. [ DEVAS MULTIMEDIA PRIVATE LTD.- 2022 (1) TMI 774 - SUPREME COURT] - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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