Preserving foregoing in mind, along with the intent and object of Area 14 on the Code, We'll now examine the decision in the situation of P. Mohanraj & Ors.
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The item of Area 14 is always to maintain the assets of the corporate debtor and should contain all proceedings.
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Offered the breadth from the time period “proceedings,” as Formerly established, the courtroom determined that it was impossible to concur that it should be restricted to civil litigation only.
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The Supreme Court decided that this kind of proceedings would unquestionably be considered a method within a court of regulation in regard of the transaction regarding a financial debt due by the company debtor mainly because legal processes are conducted as a result of courts indicated in Part 6 on the Criminal Procedure Coder, 1973.
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