https://www.taxtmi.com/caselaws?id=113319 An appeal under section 10F of the Companies Act, 1956 is confined to questions of law arising from the record before the Company Law Board, so strangers could not be impleaded because that would introduce new material beyond the statutory scope. The commentary also states that the Act provides a complete remedial framework for depositors, creditors, investigation and winding up, making recourse to an independent agency such as the CBI unnecessary. Non-repayment of matured deposits was treated as an individual depositor claim, not a public interest basis for the appeal. On the material discussed, the winding up petitions were allowed and the company was ordered to be wound up. en-us Tue, 30 Mar 2010 00:00:00 +0530 Mon, 04 Feb 2013 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113319 An appeal under section 10F of the Companies Act, 1956 is confined to questions of law arising from the record before the Company Law Board, so strangers could not be impleaded because that would introduce new material beyond the statutory scope. The commentary also states that the Act provides a complete remedial framework for depositors, creditors, investigation and winding up, making recourse to an independent agency such as the CBI unnecessary. Non-repayment of matured deposits was treated as an individual depositor claim, not a public interest basis for the appeal. On the material discussed, the winding up petitions were allowed and the company was ordered to be wound up. Case-Laws Companies Law Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113319