https://www.taxtmi.com/caselaws?id=161128 Section 45-B of the Banking Companies Act, read with section 45-G and Part III-A, permits summary proceedings by way of application to decide claims arising in the winding up of a banking company; the Court's remedial power and rule-making authority support application procedure as the normal mode, and the Court affirmed that summary application is appropriate. Where the Court is competent to decide the subject-matter under section 45-B, a decree obtained on a summary application is within jurisdiction and is not a nullity merely because a later contention disputes the form of proceedings; the decree and dismissal of the challenge were upheld. en-us Mon, 06 Dec 1954 00:00:00 +0530 Tue, 09 Sep 2014 08:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161128 Section 45-B of the Banking Companies Act, read with section 45-G and Part III-A, permits summary proceedings by way of application to decide claims arising in the winding up of a banking company; the Court's remedial power and rule-making authority support application procedure as the normal mode, and the Court affirmed that summary application is appropriate. Where the Court is competent to decide the subject-matter under section 45-B, a decree obtained on a summary application is within jurisdiction and is not a nullity merely because a later contention disputes the form of proceedings; the decree and dismissal of the challenge were upheld. Case-Laws Companies Law Mon, 06 Dec 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161128