NCLT Lacks Authority Over High Court in Insolvency Cases; Winding-Up Jurisdiction Remains with High Court Under IBC 2016.

Overriding of Insolvency and Bankruptcy Code, 2016 - Since NCLT is not a forum superior to the High Court, it's orders cannot be construed as injuncting this Court from proceeding with a winding up proceeding in which it has clear jurisdiction to hear and decide. .....

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