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        Companies Law

        Section 523 - Effect of petition for winding up subject to supervision.

        Companies Act, 1956
        Chapter VII
        WINDING UP

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        Winding up petitions deemed to confer court jurisdiction over suits when a voluntary winding up continues under supervision. A petition for continuance of a voluntary winding up under Court supervision is treated as a petition for winding up by the Court, thereby conferring jurisdiction over suits and legal proceedings to the Court.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Winding up petitions deemed to confer court jurisdiction over suits when a voluntary winding up continues under supervision.

                              A petition for continuance of a voluntary winding up under Court supervision is treated as a petition for winding up by the Court, thereby conferring jurisdiction over suits and legal proceedings to the Court.


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