Hasimara Industries Ltd. And Anr. vs The Company Law Board And Ors. on 25 June, 1975
16. We have now to examine whether an investigation under the Code is a "proceeding under this Code" in terms of Clause (3) of Section 96(1). This point has been dealt with by a Division Bench of the Mysore High Court in the case of Kaverappa v. Sankanayya AIR 1965 Mys 214 =(1965 (2) Cr LJ 225) We quote below paragraphs 32 and 33 at pages 218 and 219 of the judgment of Mr. Justice Somnath Iyer who delivered the judgment of the Division Bench of the Mysore High Court, The paragraphs run thus :