Territorial jurisdiction under section 10F and Article 227 was refused where the company's registered office lay elsewhere.

A civil revision petition under Article 227 was held not maintainable where the challenged Company Law Board order was appealable under section 10F of the Companies Act, 1956. The expression "the High Court" in section 10F was construed as the High Court having jurisdiction over the place where the company's registered office is situated; as the registered office was in Bangalore, the proper appellate forum was the Karnataka High Court and not the Madras High Court. The Court further held that, even if supervisory jurisdiction under Article 227 could exist concurrently, judicial discipline required it not to be exercised where the matter lay before the appropriate High Court, so as to avoid conflicting decisions.

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Issues: Whether the civil revision petition under Article 227 was maintainable against the Company Law Board's order under section 45-QA of the Reserve Bank of India Act, 1934, and whether this Court had territorial jurisdiction when an appeal under section 10F of the Companies Act, 1956 lay only to the High Court within whose jurisdiction the company's registered office was situated.

Analysis: The order challenged before the Court was appealable under section 10F of the Companies Act, 1956. The expression "the High Court" in section 10F was understood to mean the High Court having jurisdiction over the place where the company's registered office was situated. Since the registered office was at Bangalore, the appellate forum was the Karnataka High Court and not the Madras High Court. The Court also held that, even assuming concurrent supervisory jurisdiction under Article 227, judicial discipline required refusal to exercise that jurisdiction where the subject matter was already before the appropriate High Court and conflicting decisions had to be avoided.

Conclusion: The revision petition was not maintainable before this Court and could not be entertained under Article 227.

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