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2017 (5) TMI 1471 - Tri - Insolvency and BankruptcyOrder of stay -pending suits or continuation of pending suits or proceedings against the corporate debtor including execution of any judgement decree or order in any court of law - Held that - Insolvency and Bankruptcy Code 2016 will prevail over all other law in force including the Company Act 1956 under which winding up proceedings have been initiated. It appears that the aforesaid provisions have not been brought to the Hon ble Judge of the Madras High Court. In the circumstances we give liberty to the parties to bring this fact to the notice of the Hon ble Madras High Court Chennai. Thereafter the order of stay is not vacated the Appellate Tribunal will decide the case on merit. Further as the appellant has already moved before the Hon ble Madras High Court and have obtained an order of stay on 4 May 2017 from the High Court then in such circumstances the appellant will reply as to why the appeal be dismissed the appellant having already moved before the Hon ble High Court
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