Reserve Bank Of India vs M/S. Integrated Finance Company Ltd on 30 April, 2008
32. Learned counsel appearing for the contesting respondent has placed reliance upon a Division Bench decision of the Kerala High Court reported in Vol.99 Company Cases 2000 Page 54 (MRS. VILASINI JAYAPRAKSH v. ST. MARY'S FINANCE LTD.) in support of the contention that the provisions contained in Section 45QA of the RBI Act empowering the Company Law Board to give direction can be considered as subservient to the provisions contained in Section 391 of the Act.