https://www.taxtmi.com/caselaws?id=98106 A civil court was held to lack jurisdiction over shareholders' claims against voluntary liquidators for rendition of accounts, misfeasance, non-feasance and distribution of surplus assets because the Companies Act provided a special statutory mechanism for those matters. The winding-up scheme vested the court under the Act with control over voluntary winding up, including determination of questions arising in the winding up, removal of liquidators and awards for misfeasance or non-feasance. As the alleged liability was created by statute and paired with a specific remedy, the ordinary civil court's jurisdiction was impliedly excluded, and the dispute had to be pursued before the forum under the Act. en-us Fri, 03 Apr 1964 00:00:00 +0530 Thu, 19 Jan 2012 12:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98106 A civil court was held to lack jurisdiction over shareholders' claims against voluntary liquidators for rendition of accounts, misfeasance, non-feasance and distribution of surplus assets because the Companies Act provided a special statutory mechanism for those matters. The winding-up scheme vested the court under the Act with control over voluntary winding up, including determination of questions arising in the winding up, removal of liquidators and awards for misfeasance or non-feasance. As the alleged liability was created by statute and paired with a specific remedy, the ordinary civil court's jurisdiction was impliedly excluded, and the dispute had to be pursued before the forum under the Act. Case-Laws Companies Law Fri, 03 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98106