Company Court rightly transferred winding up plea to NCLT where no irreversible steps for winding up had taken place

COMPANY LAW : Where liquidator had taken possession and control of registered office of company and its factory premises, records and Books but no irreversible steps towards winding up of company had otherwise taken place, Company Court had correctly exercised discretion vested in it by 5th proviso to section 434(1)(c) by transferring winding up petition to NCLT.

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