The legal document indicates that the rights of a financial corporation, even when statutory, are not absolute and are subject to the overarching principles of equity and due process of law. Specifically, the document emphasizes that the provisions of the Companies Act, which include protections for the rights of creditors and procedures for recovery and liquidation, must be adhered to, unless explicitly overridden by a special statute. It clarifies that attachment of properties by a Revenue Recovery Court does not automatically create a charge that can supersede the rights of the company's liquidator or other creditors, and that such attachments are subject to the rules of the court and the due process of law (!) (!) .

Furthermore, the document underscores the importance of respecting orders of competent courts and the necessity of following proper legal procedures, including registering charges and obtaining leave from the court for certain actions. It states that statutory rights, such as those of financial corporations, are subordinate to the due process of law and the orders of courts with proper jurisdiction. The rights of a financial corporation are therefore not insulated from the principles of fairness, legal procedure, and judicial authority, and must operate within the framework of the law and court orders (!) (!) .

In summary, the document supports the view that the rights of a statutory financial corporation are subject to the principles of equity and due process, which include respecting the orders of competent courts and following the prescribed legal procedures.