I've seen it in several works. Like for example, The Hero
is down, but when the Big Bad
attempts to finish him, he fires back with something equally that clashes with the Finishing Move
until one gets the advantage and wins.
A video game example is the fights against White Rock and the Apostles in the game of Black★Rock Shooter
I forget since it has been a while for me, but I think there is also one in Dragonball Z. With the final battle between Gohan and Cell.