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before the company law board - Company Law Board Mumbai Bench

before the company law board - Company Law Board Mumbai Bench

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6being conducted in relation to <strong>the</strong> affairs of <strong>the</strong> <strong>Company</strong> and toregulate <strong>the</strong> affairs of <strong>the</strong> <strong>Company</strong> but <strong>the</strong> proposed party, affairscannot be adjudicated since it is not governed by <strong>the</strong> CompaniesAct, 1956. In support of his contention he relied upon <strong>the</strong>following decisions:CA 177 of 2010Multi Screen1) (2003) 5 SCC Page 531 In <strong>the</strong> matter of SukanyaHoldings Pvt.Ltd. vs Jayesh H. Pandya & Ano<strong>the</strong>r. It is heldthat “<strong>the</strong>re is no provision in <strong>the</strong> Act for bifurcating <strong>the</strong> suit intotwo parts, one to be referred to arbitration for adjudication and<strong>the</strong> o<strong>the</strong>r to be decided by Civil Court.”2) (1992) 2 SCC Page 525 In <strong>the</strong> matter of RameshHirachand Kundanmal vs. Municipal Corporation of GreaterBombay. Para 143) AIR 1968 (Madras High Court) Page 287 In <strong>the</strong>matter of Firm of Mahadeo Rice & Oil Mills & Ors. vs.Chennimalai Gounder.It is of <strong>the</strong> view that - Addition of parties – proper party - Courthas no jurisdiction to add party unless it is necessary or properparty. Tests to be followed in adding parties.4) AIR 1955 (Madras High Court) Page 595 In <strong>the</strong>matter of Kurivalli Lingayya Setty vs. Sitharam Agarwala &Anr. It is of <strong>the</strong> view - thus, if <strong>the</strong> Court has no jurisdiction byreason of sections 19 & 20 over one of <strong>the</strong> defendants joined under

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