https://www.taxtmi.com/caselaws?id=199029 A winding up petition under the Companies Act is not a proceeding for adjudication or recovery of debt under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The High Court's jurisdiction in winding up matters remains confined to the statutory grounds under Sections 433, 434 and 439 of the Companies Act, 1956, and is not ousted by the 1993 Act. Accordingly, the objection based on the 1993 Act was rejected and the winding up application was admitted in the High Court. en-us Tue, 12 Jul 1994 00:00:00 +0530 Sat, 17 Feb 2018 15:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199029 A winding up petition under the Companies Act is not a proceeding for adjudication or recovery of debt under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The High Court's jurisdiction in winding up matters remains confined to the statutory grounds under Sections 433, 434 and 439 of the Companies Act, 1956, and is not ousted by the 1993 Act. Accordingly, the objection based on the 1993 Act was rejected and the winding up application was admitted in the High Court. Case-Laws Indian Laws Tue, 12 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199029