https://www.taxtmi.com/caselaws?id=472421 Section 10F appellate jurisdiction is confined to questions of law arising from the Company Law Board record; it cannot be expanded by impleading former promoters or directors after management has changed, or by introducing new factual material. Individual deposit recovery must proceed through company-law remedies and execution processes rather than a public-interest appeal, because matured deposits create individual rather than common rights. Investigation of corporate misconduct must first use statutory mechanisms for investigation and enforcement, not an external agency where those remedies remain available. A finance company unable lawfully to operate as an NBFC, repay deposits, or reasonably discharge deposit liabilities is liable to be wound up, with the Official Liquidator taking charge. en-us Sat, 13 Mar 2010 00:00:00 +0530 Mon, 12 Oct 2026 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472421 Section 10F appellate jurisdiction is confined to questions of law arising from the Company Law Board record; it cannot be expanded by impleading former promoters or directors after management has changed, or by introducing new factual material. Individual deposit recovery must proceed through company-law remedies and execution processes rather than a public-interest appeal, because matured deposits create individual rather than common rights. Investigation of corporate misconduct must first use statutory mechanisms for investigation and enforcement, not an external agency where those remedies remain available. A finance company unable lawfully to operate as an NBFC, repay deposits, or reasonably discharge deposit liabilities is liable to be wound up, with the Official Liquidator taking charge. Case-Laws Companies Law Sat, 13 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472421