https://www.taxtmi.com/caselaws?id=106504 A winding up petition based on fixed deposit receipts was found maintainable because the deposits arose after the statutory period covered by the Special Court Act and did not fall within the Act's definition of "securities" under section 2(c). The section 3(2) notification therefore did not extinguish the Company Court's jurisdiction over claims outside the Act's scope. The Court further held that appointment of a custodian did not, by itself, bar adjudication of an independent winding up proceeding. On that basis, the Company Court retained jurisdiction and the petition was admitted. en-us Tue, 08 Oct 2002 00:00:00 +0530 Wed, 14 Mar 2012 15:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106504 A winding up petition based on fixed deposit receipts was found maintainable because the deposits arose after the statutory period covered by the Special Court Act and did not fall within the Act's definition of "securities" under section 2(c). The section 3(2) notification therefore did not extinguish the Company Court's jurisdiction over claims outside the Act's scope. The Court further held that appointment of a custodian did not, by itself, bar adjudication of an independent winding up proceeding. On that basis, the Company Court retained jurisdiction and the petition was admitted. Case-Laws Companies Law Tue, 08 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106504