2002 (4) TMI 978 - HC - Indian Laws

Summary

The High Court of Madras dismissed a Civil Revision Petition where the defendant sought a stay of proceedings in a money recovery suit pending final adjudication in a company petition, stating that Section 10 C.P.C. does not apply as a company petition is not a suit. The court cited previous rulings and held that the suit had been transferred to the Debt Recovery Tribunal, whose jurisdiction is exclusive, thus dismissing the petition.