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2020 (2) TMI 639 - HC - Companies LawDismissal of suit - suit dismissed on the ground that the cause of action of the suit is barred under the provisions of the Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The Code of 2016 deals not only with corporate entities but also with individuals. Therefore, Section 231 of the Code of 2016 takes into account a situation where the proceeding may be pending under the Code of 2016 against an individual also. Section 231 of the Code of 2016 is in Part-5 dealing with miscellaneous matters. Section 231 encompasses both a situation where there is an insolvency proceeding against a corporate entity as also against a person who is not a corporate entity. Section 231 of the Code of 2016 also prescribes a bar on the Civil Courts to assume jurisdiction in respect of any matter in which, the Adjudicating Authority or the Board is empowered by or under the Code of 2016 to pass any order - In view of the provisions of Sections 63 and 231 of the Code of 2016, the instant suit is barred by law. Suit dismissed.
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