Companies (Transfer of Pending Proceedings) Rules define 'Code' as the Insolvency Code and 'Tribunal' as the NCLT. Rule 2 defines key terms for the Companies (Transfer of Pending Proceedings) Rules, 2016: 'Code' means the Insolvency and Bankruptcy Code, 2016 and 'Tribunal' means the National Company Law Tribunal under the Companies Act, 2013. It further provides that expressions not defined in these rules shall take their meanings from the Companies Act, 1956, the Companies Act, 2013, the Companies (Court) Rules, 1959, or the Code, ensuring terminological consistency across the related statutes and rules.
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Companies (Transfer of Pending Proceedings) Rules define "Code" as the Insolvency Code and "Tribunal" as the NCLT.
Rule 2 defines key terms for the Companies (Transfer of Pending Proceedings) Rules, 2016: "Code" means the Insolvency and Bankruptcy Code, 2016 and "Tribunal" means the National Company Law Tribunal under the Companies Act, 2013. It further provides that expressions not defined in these rules shall take their meanings from the Companies Act, 1956, the Companies Act, 2013, the Companies (Court) Rules, 1959, or the Code, ensuring terminological consistency across the related statutes and rules.
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