https://www.taxtmi.com/caselaws?id=153618 Section 391(6) of the Companies Act, 1956 allows the company court to stay proceedings only where they threaten the company's estate or concern recovery of an ascertained liability. It does not extend to statutory proceedings before sales tax authorities for assessment or for levy of penalty under the Delhi Sales Tax Act, 1975, because those matters fall within the authorities' exclusive jurisdiction. The company court cannot restrain the statutory authority from performing duties under the fiscal statute or stay the statute's operation itself. The stay of penalty proceedings was therefore unsustainable. en-us Thu, 06 May 1982 00:00:00 +0530 Thu, 25 Jul 2013 17:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153618 Section 391(6) of the Companies Act, 1956 allows the company court to stay proceedings only where they threaten the company's estate or concern recovery of an ascertained liability. It does not extend to statutory proceedings before sales tax authorities for assessment or for levy of penalty under the Delhi Sales Tax Act, 1975, because those matters fall within the authorities' exclusive jurisdiction. The company court cannot restrain the statutory authority from performing duties under the fiscal statute or stay the statute's operation itself. The stay of penalty proceedings was therefore unsustainable. Case-Laws VAT and Sales Tax Thu, 06 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153618