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Issues: Whether the company petition, converted from the earlier PIL, could be proceeded with by the High Court or was liable to be transferred to the NCLT under the Companies Act, 2013 and the Transfer of Pending Proceedings Rules, 2016; and whether the conversion of the PIL into a company petition after enactment of the Companies Act, 2013 could be sustained.
Outcome: The matter was not finally adjudicated and was directed to be listed for further hearing on the next date.
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