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2019 (9) TMI 287 - HC - Companies LawTerritorial Jurisdiction - transfer of the Company Petition to the Hon’ble National Company Law Tribunal, Bengaluru - proviso inserted to Section 434[1][c] of the Companies Act, 2013 - HELD THAT:- In view of the application filed by the petitioner under Section 434 [1][c] of the Companies Act read with proviso thereof, there is no inhibition for this Court to transfer the pending Company Petition to NCLT to enable the applicant/petitioner to pursue its remedies under the provisions of the Code, accepting the reasons set out for such transfer - It is to achieve the objects of the new Rules, 2016 as regards to provide an opportunity of arrangements and re-construction/rehabilitation and other proceedings relating to the winding up to be adjudicated by the NCLT under the provisions of the Code, this Court deems it appropriate to transfer the pending Company Petition No.125/2014 to the NCLT. Petition transferred - application allowed.
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