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Section 437 - Power of High Court to retain winding up proceedings in District Court. - Companies Act, 1956Extract Power of High Court to retain winding up proceedings in District Court. [1] 437. The High Court may direct that a District Court in which proceedings for winding up a company have been commenced, shall retain and continue the proceedings, although it may not be the Court in which they ought to have been commenced. ----------------------------------------------- Notes:- [1] Omitted by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet be notified. Prior to omission it read as under:
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