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1994 (4) TMI 238 - SC - Companies LawWinding up - Suits stayed on winding-up order - single judge passed an order directing the two suits be transferred to the Bombay High Court - Held that:- Without intending to lay down the law broadly but confining only to the facts of this case, we feel that the order of transfer of the suits to the High Court of Bombay cannot be supported. This transfer will result in greater expenditure to the appellant bank which certainly is avoidable "than the wasteful expenditure" to the official liquidator. Accordingly that part of the order directing the transfer is set aside.
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