1999 (2) TMI 604 - HC - Companies Law

Summary

The High Court of Madras allowed the civil revision petition, setting aside the lower court's order that refused to entertain a suit for money recovery under the Tamil Nadu Act. The Act does not prohibit the institution of the suit until the government takes action or entrusts the matter to the competent authority. The lower court is directed to register and deal with the suit in accordance with the law.