https://www.taxtmi.com/caselaws?id=161128 A special liquidation statute conferring wide jurisdiction on the court to decide all claims and questions arising in winding up permits claims to be pursued by summary application where no procedural rules have been prescribed. The normal proceeding under section 45-B of the Banking Companies Act, 1949 was treated as an application and not necessarily a regular suit, and the absence of a suit form did not defeat subject-matter jurisdiction. Accordingly, an ex parte decree passed on such an application was not void or without jurisdiction, and the challenge to it failed. 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 A special liquidation statute conferring wide jurisdiction on the court to decide all claims and questions arising in winding up permits claims to be pursued by summary application where no procedural rules have been prescribed. The normal proceeding under section 45-B of the Banking Companies Act, 1949 was treated as an application and not necessarily a regular suit, and the absence of a suit form did not defeat subject-matter jurisdiction. Accordingly, an ex parte decree passed on such an application was not void or without jurisdiction, and the challenge to it failed. Case-Laws Companies Law Mon, 06 Dec 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161128