The Companies Act, 2013 presented the National Company Law Tribunal (NCLT) to supplant the current Company Law Board. The anticipation of building up another tribunal to alleviate the courts of the superfluous weight and every one of the matters pending under the steady gaze of the Company Law Board is to be exchanged to the NCLT according to the Company Act, 2013.
CDS Financial Services (Mauritius) Limited Vs. BPL, in this case, it was held that “when there is no express provision excluding the jurisdiction of the Civil Courts, such exclusion can be implied only in cases where a right itself is created and the machinery of enforcement of such right is also provided by the statute. If the right is traceable to the general law of contracts or it is a common law right, it can be enforced through the Civil Court, even though the forum under the statute also will have jurisdiction to enforce that right. Sections 397,398 and 408 of the Companies Act, 1956 do not confer exclusive jurisdiction on the company court to grant reliefs against oppression and mismanagement. The scope of these sections is to provide a convenient remedy for minority shareholders under certain conditions and the provisions therein are not intended to exclude all other remedies.
It can be summarized that there is no express procurement under the Company Act, 1956, which bars the purview of common court over the organization matters. It is clear from a few judgments that at whatever point a common question emerges, regardless of the possibility that under Company Law, the Civil Court’s locale can never be expelled.
It is additionally clear from the judgments that express or inferred condition excepting the purview is vital. The purview of Civil Court can be banned just under those circumstances where it has been explicitly rejected under the procurements of the demonstration. Area 9 of the CPC states that Civil Courts have a ward to attempt every one of the suits of a common nature aside from suits of which their awareness is explicitly or impliedly banished. Best illustration for this is the locale of Civil Court is banned under the Securitization Law and Civil Court’s frequently get into the matter identified with it.
In conclusion, it is exceptionally hard to bar the purview of the common court in connection to organization law matters and the position in connection to it has of now been settled through different case laws.