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TMI BlogCompanies (Transfer of Pending Proceedings) Rules, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... d with sub-section (1) of section 239 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the Code), the Central Government hereby makes the following rules, namely:- 1. Short title and Commencement. - (1) These rules may be called the Companies (Transfer of Pending Proceedings) Rules, 2016. (2) They shall come into force with effect from the 15th December, 2016, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proceedings relating to arbitration, compromise, arrangements and reconstruction, other than proceedings relating to winding up on the date of coming into force of these rules shall stand transferred to the Benches of the Tribunal exercising respective territorial jurisdiction: Provided that all those proceedings which are reserved for orders for allowing or otherwise of such proceedings shall n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exercising territorial jurisdiction and such petitions shall be treated as applications under sections 7, 8 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 sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Companies Act, 1956 pending before a High Court and where the petition has not been served on the respondent as required under rule 26 of the Companies (Court) Rules, 1959 shall be transferred to the Bench of the Tribunal exercising territorial jurisdiction and such petitions shall be treated as petitions under the provisions of the Companies Act, 2013 (18 of 2013). 7. Transfer of Records. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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