M/S. Ambalal Sarabhai Enterprises Ltd vs M/S. Amrit Lal & Co. & Anr on 27 August, 2001
In Ambalal Sarabhai Enterprises Ltd. Vs. Amrit Lal & Company and Another 2001(8) SCC 397 the Court has held that insertion of certain provision in the principal Act, taking away application of the Act, would not affect pending proceedings, if on the date when proceedings were initiated, the same were well within its jurisdiction.