https://www.taxtmi.com/caselaws?id=97437 The express saving for winding up proceedings commenced under the Companies Act, 1913 preserved the District Court's jurisdiction after the Companies Act, 1956 came into force, so the later Act did not divest authority over the pending liquidation or the arrangement sanctioned within it. Provisions in sections 10, 391 and 392 did not create exclusive High Court jurisdiction in a case already saved by section 647, and section 392(3) was not intended to displace the continuing jurisdiction attached to the earlier proceeding. Convenience or alleged delay also afforded no legal basis for transfer. The matter therefore remained with the District Court. en-us Tue, 04 Sep 1956 00:00:00 +0530 Mon, 16 Jan 2012 17:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97437 The express saving for winding up proceedings commenced under the Companies Act, 1913 preserved the District Court's jurisdiction after the Companies Act, 1956 came into force, so the later Act did not divest authority over the pending liquidation or the arrangement sanctioned within it. Provisions in sections 10, 391 and 392 did not create exclusive High Court jurisdiction in a case already saved by section 647, and section 392(3) was not intended to displace the continuing jurisdiction attached to the earlier proceeding. Convenience or alleged delay also afforded no legal basis for transfer. The matter therefore remained with the District Court. Case-Laws Companies Law Tue, 04 Sep 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97437