https://www.taxtmi.com/caselaws?id=375423 A winding up petition under Section 45-MC of the Reserve Bank of India Act, 1934 was treated as maintainable where the Bank's satisfaction to proceed could be gathered from the record, and the Court held that a separate pre-filing speaking order was not indispensable. The objection based on absence of an independently recorded satisfaction was rejected. The Court also held that the pending petition was not liable to be transferred to the National Company Law Tribunal because the proceeding arose under the special power in the RBI Act, with the Companies Act operating only procedurally, and the transfer regime for Companies Act matters did not apply. The transfer request was rejected. en-us Fri, 15 Feb 2019 00:00:00 +0530 Mon, 18 Feb 2019 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375423 A winding up petition under Section 45-MC of the Reserve Bank of India Act, 1934 was treated as maintainable where the Bank's satisfaction to proceed could be gathered from the record, and the Court held that a separate pre-filing speaking order was not indispensable. The objection based on absence of an independently recorded satisfaction was rejected. The Court also held that the pending petition was not liable to be transferred to the National Company Law Tribunal because the proceeding arose under the special power in the RBI Act, with the Companies Act operating only procedurally, and the transfer regime for Companies Act matters did not apply. The transfer request was rejected. Case-Laws Companies Law Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375423