Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2021 (1) TMI 718

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the Petitioner s matter before the appropriate bench of NCLT, on the ground that the threshold of the pecuniary jurisdiction of the NCLT has now been amended by a notification dated 24th November, 2020, from ₹ 1 lakh, to ₹ 1 crore - HELD THAT:- This court is of the opinion that the question as to whether the NCLT has jurisdiction to entertain a particular case or not cannot be determi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ated:- 13-1-2021 - JUSTICE PRATHIBA M. SINGH Petitioner Through: Mr. Swaroop George, Advocate (M-9871144284) Respondents Through: Mr. Harish Vaidyanathan Shankar, CGSC with Mr. Akash Meena, Ms. Kinjal Shrivastava Mr. Varun Kishore, Advocates. Prathiba M. Singh, J. (Oral) 1. This hearing has been done by video conferencing. 2. The present petition has been filed by the P .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the NCLT, after appreciating the fact situation involved. Reliance is placed upon the view of the NCLT, Kochi in IA No. 175/KOB/2020 in IBA/34/KOB/2020 titled M/s Tharakan Web Innovations Pvt. Ltd. v. Cyriac Njavally, wherein the Tribunal has held that if disputes had arisen prior to the outbreak of the pandemic, the said notification may not apply, as the notification cannot be made applicab .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ior to the said notification or not is also a question to be determined by the Bench of the NCLT and not by the Registrar of the Tribunal. 8. Accordingly, it is directed that the petition under section 9 of the IBC, moved by the Petitioner before the NCLT, shall be placed by the Registrar, NCLT before an appropriate bench for proceeding further in accordance with law. The listing of the petitio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates