TMI BlogTransfer of pending proceedings of Winding up on the ground of inability to pay debtsX X X X Extracts X X X X X X X X Extracts X X X X ..... r clause (e) of section 433 of the Act on the ground of inability to pay its debts pending before a High Court, and, where the petition has not been served on the respondent under rule 26 of the Companies (Court) Rules, 1959 shall be transferred to the Bench of the Tribunal established under sub-section (4) of section 419 of the Companies Act, 2013 exercising territorial jurisdiction t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the Tribunal under this rule and remains in the High Court and where there is another petition under clause (e) of section 433 of the Act for winding up against the same company pending as on 15th December, 2016, such other petition shall not be transferred to the Tribunal, even if the petition has not been served on the respondent.] ********** Notes:- 1. Substituted vide F. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or 9 of the Code, as the case may be, and dealt with in accordance with Part II of the Code: Provided that the petitioner shall submit all information, other than information forming part of the records transferred in accordance with Rule 7, required for admission of the petition under sections 7, 8 or 9 of the Code, as the case may be, including details of the proposed insolvency professional ..... X X X X Extracts X X X X X X X X Extracts X X X X
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