2010 (5) TMI 864

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....h, Gaurav Agrawal, T. Srinivasa Murthy and P. Parmeswaran for the Appellant. Arvind P. Datar, Ankit Singhal and Nikhil Nayyar for the Respondent. ORDER 1. The challenge in these appeals is to the validity of the provisions of Companies Act, 1956 as amended by the Companies (Second Amendment) Act, 2002, which provides for setting up of National Company Law Tribunal and National Company Law Ap....

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....12. It has been held that under Entries 77, 78, 95 of List I, Entry 65 of List II and Entry 11A of List III, the Parliament and State Legislature possess legislative competence to effect changes in the original jurisdiction of the Supreme Court and the High Courts. 4. However, in none of the decisions rendered so far the question as to what extent such powers of High Court can be transferred to....