https://www.taxtmi.com/caselaws?id=341568 A pending company petition under the Companies Act, 1956 was held to have stood transferred to the Tribunal once Section 434(1)(c) of the Companies Act, 2013 came into force. The later provision was treated as a comprehensive transfer mandate covering all pending proceedings before the High Court or District Court, leaving no room for the earlier transitional saving in Section 68 of the Companies (Amendment) Act, 1988 to preserve High Court jurisdiction. The limited exception in the Companies (Removal of Difficulties) Fourth Order, 2016 did not apply because orders had not been reserved. The earlier saving provision was therefore impliedly repealed to the extent of inconsistency, and the High Court ceased to have jurisdiction. en-us Wed, 22 Mar 2017 00:00:00 +0530 Wed, 12 Apr 2017 07:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341568 A pending company petition under the Companies Act, 1956 was held to have stood transferred to the Tribunal once Section 434(1)(c) of the Companies Act, 2013 came into force. The later provision was treated as a comprehensive transfer mandate covering all pending proceedings before the High Court or District Court, leaving no room for the earlier transitional saving in Section 68 of the Companies (Amendment) Act, 1988 to preserve High Court jurisdiction. The limited exception in the Companies (Removal of Difficulties) Fourth Order, 2016 did not apply because orders had not been reserved. The earlier saving provision was therefore impliedly repealed to the extent of inconsistency, and the High Court ceased to have jurisdiction. Case-Laws Companies Law Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341568