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Companies Law - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Overriding of Insolvency and Bankruptcy Code, 2016 - Since NCLT ...


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

June 23, 2018

Case Laws     Companies Law     HC

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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