https://www.taxtmi.com/caselaws?id=380378 The Kerala High Court clarified its jurisdiction to grant reliefs under Sections 397 and 398 of the Companies Act, 1956, emphasizing its authority for winding up despite Company Law Board jurisdiction. The definition of a contributory under Section 428 was scrutinized due to ambiguity in the company's Memorandum of Association. The court stressed the need for detailed examination of the company's constitution. Additionally, the court affirmed its jurisdiction to entertain a composite company petition for winding up, overturning the initial rejection and remitting the case for further consideration. en-us Wed, 19 Dec 2018 00:00:00 +0530 Sat, 18 May 2019 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380378 The Kerala High Court clarified its jurisdiction to grant reliefs under Sections 397 and 398 of the Companies Act, 1956, emphasizing its authority for winding up despite Company Law Board jurisdiction. The definition of a contributory under Section 428 was scrutinized due to ambiguity in the company's Memorandum of Association. The court stressed the need for detailed examination of the company's constitution. Additionally, the court affirmed its jurisdiction to entertain a composite company petition for winding up, overturning the initial rejection and remitting the case for further consideration. Case-Laws Companies Law Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380378