https://www.taxtmi.com/caselaws?id=99717 An interpleader suit against a company in liquidation falls within the wide expression "suit or proceeding" in section 446(1) of the Companies Act, 1956. Because such a suit brings rival claimants before the court in relation to the company's interest in the subject-matter, it is treated as a proceeding affecting the company in liquidation and is subject to the winding-up court's control. The absence of any express exclusion for interpleader proceedings, together with the scheme of section 446 and Order 35 of the Code of Civil Procedure, supports this construction. Such a suit cannot be instituted or continued without leave of the company court. en-us Thu, 29 Mar 1979 00:00:00 +0530 Sat, 28 Jan 2012 13:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99717 An interpleader suit against a company in liquidation falls within the wide expression "suit or proceeding" in section 446(1) of the Companies Act, 1956. Because such a suit brings rival claimants before the court in relation to the company's interest in the subject-matter, it is treated as a proceeding affecting the company in liquidation and is subject to the winding-up court's control. The absence of any express exclusion for interpleader proceedings, together with the scheme of section 446 and Order 35 of the Code of Civil Procedure, supports this construction. Such a suit cannot be instituted or continued without leave of the company court. Case-Laws Companies Law Thu, 29 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99717