Thursday 8 October 2015

High Court couldn't exercise jurisdiction u/s 10F over proceedings pending before CLB: SC

Section 10F of Companies Act, statutorily demarcates contours of jurisdictional exercise by an appellate forum depending on nature of order impugned i.e. interlocutory or final and both cannot be equated, lest pending proceeding before lower forum, if order impugned is purely of interlocutory nature, and does not decide any issue on a consideration of rival assertions on merits, stands aborted and is rendered superfluous for all intents and purposes

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