Jurisdiction of Tribunal expanded to entertain suits, claims, applications and schemes related to company winding up irrespective of timing. The Tribunal has jurisdiction to entertain and dispose of all suits, proceedings and claims by or against a company in relation to winding up, including claims by or against branches in India, applications under the procedural winding up provision, schemes submitted under the statutory mechanism, and any questions of priorities or other legal or factual issues concerning assets, rights or obligations arising before or after a winding up order.
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Provisions expressly mentioned in the judgment/order text.
Jurisdiction of Tribunal expanded to entertain suits, claims, applications and schemes related to company winding up irrespective of timing.
The Tribunal has jurisdiction to entertain and dispose of all suits, proceedings and claims by or against a company in relation to winding up, including claims by or against branches in India, applications under the procedural winding up provision, schemes submitted under the statutory mechanism, and any questions of priorities or other legal or factual issues concerning assets, rights or obligations arising before or after a winding up order.
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