https://www.taxtmi.com/caselaws?id=98445 Once the court had directed a statutory investigation into the company's affairs under the Companies Act and that order was fully implemented, the applicant could not insist on reopening the same application or seeking a fresh judicial enquiry on the inspector's report. The court treated the matter as having passed into the statutory mechanism, under which any further action was for the Central Government to consider in accordance with the Act. It also expressed doubt that proceedings under section 543 could be maintained without a pending winding-up petition. The court therefore held that its jurisdiction in the application was exhausted and that no further adjudication was maintainable before it. en-us Fri, 18 Aug 1967 00:00:00 +0530 Fri, 20 Jan 2012 16:46:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98445 Once the court had directed a statutory investigation into the company's affairs under the Companies Act and that order was fully implemented, the applicant could not insist on reopening the same application or seeking a fresh judicial enquiry on the inspector's report. The court treated the matter as having passed into the statutory mechanism, under which any further action was for the Central Government to consider in accordance with the Act. It also expressed doubt that proceedings under section 543 could be maintained without a pending winding-up petition. The court therefore held that its jurisdiction in the application was exhausted and that no further adjudication was maintainable before it. Case-Laws Companies Law Fri, 18 Aug 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98445