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Issues: Whether the writ petition was maintainable in view of the efficacious statutory remedy under the Insolvency and Bankruptcy Code, 2016.
Analysis: The dispute arose from recovery proceedings relating to pre-CIRP dues and liabilities alleged to be outside the approved resolution plan. The governing framework under the Insolvency and Bankruptcy Code, 2016 is a complete and self-contained code providing a specialised adjudicatory hierarchy, and issues falling within its domain are ordinarily to be pursued before the adjudicating authority and the appellate forum. High Court interference under Article 226 is reserved for exceptional situations such as want of jurisdiction, gross violation of natural justice, or manifest arbitrariness. The case did not disclose any such exceptional circumstance, and the petitioner was required to pursue the remedy available under the Code.
Conclusion: The writ petition was not maintainable and was dismissed.