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HC dismissed the commercial appeal, holding that under Section 63 of the IBC, civil courts lack jurisdiction to entertain suits challenging NCLT orders. The appellant's request for interim relief was rejected due to statutory bar on instituting suits related to matters within NCLT's jurisdiction. The court emphasized that statutory remedies remain available through NCLT under Section 21, and recommended the appellant pursue appropriate legal recourse through the designated tribunal. The impugned order refusing ad-interim relief was upheld, with no grounds found for judicial intervention.
HC dismissed the commercial appeal, holding that under Section 63 of the IBC, civil courts lack jurisdiction to entertain suits challenging NCLT orders. The appellant's request for interim relief was rejected due to statutory bar on instituting suits related to matters within NCLT's jurisdiction. The court emphasized that statutory remedies remain available through NCLT under Section 21, and recommended the appellant pursue appropriate legal recourse through the designated tribunal. The impugned order refusing ad-interim relief was upheld, with no grounds found for judicial intervention.
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