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Sudarsan Chits (I) Ltd vs O. Sukumaran Pillai & Ors on 16 August, 1984

11. The object of sub-Section (2) of Section 446 of the Companies Act, 1956 and Section 60 (5) of the Code is only to save the Company in Liquidation from multiple Litigations and to accelerate the disposal of the winding-up Proceedings. We also place reliance on the Judgement of the Apex Court in 'Sudarshan Chits (I.) Ltd.' Vs. 'Sukumaran Pillai'4, in which it is observed that sub-Section (2) of Section 446 specifies the contours of the jurisdiction of the Code which is the winding-up Company it confers special jurisdiction of the Code, notwithstanding anything contained in any other law for the time being in force. Section 238 of the Code reads as hereunder:
Supreme Court of India Cites 22 - Cited by 81 - D A Desai - Full Document
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