https://www.taxtmi.com/caselaws?id=97606 Transitional provisions preserving pending proceedings sustained the District Judge's jurisdiction to continue a winding up matter instituted before the Companies Act, 1956 came into force. The court treated section 647 as protecting proceedings already pending under the earlier regime, so the later Act did not require transfer to the High Court merely because the company's paid-up capital exceeded the later monetary threshold. The reference was answered by holding that the District Judge could proceed with the winding up action commenced before the new Act. en-us Fri, 05 Sep 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97606 Transitional provisions preserving pending proceedings sustained the District Judge's jurisdiction to continue a winding up matter instituted before the Companies Act, 1956 came into force. The court treated section 647 as protecting proceedings already pending under the earlier regime, so the later Act did not require transfer to the High Court merely because the company's paid-up capital exceeded the later monetary threshold. The reference was answered by holding that the District Judge could proceed with the winding up action commenced before the new Act. Case-Laws Companies Law Fri, 05 Sep 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97606