Adjudicating Authority jurisdiction centralised to NCLT for corporate insolvency, including guarantor proceedings and transfers. Section 60 designates the National Company Law Tribunal as the Adjudicating Authority for insolvency resolution and liquidation of corporate persons and their guarantors, with territorial jurisdiction at the registered office. Proceedings against guarantors must be filed before or transferred to the NCLT handling the corporate debtor; the NCLT has the powers of the Debt Recovery Tribunal for such purposes and exclusive jurisdiction to entertain applications, claims, and questions of priority or law arising from insolvency or liquidation. The moratorium period is excluded in computing limitation periods for suits or applications against the corporate debtor.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Adjudicating Authority jurisdiction centralised to NCLT for corporate insolvency, including guarantor proceedings and transfers.
Section 60 designates the National Company Law Tribunal as the Adjudicating Authority for insolvency resolution and liquidation of corporate persons and their guarantors, with territorial jurisdiction at the registered office. Proceedings against guarantors must be filed before or transferred to the NCLT handling the corporate debtor; the NCLT has the powers of the Debt Recovery Tribunal for such purposes and exclusive jurisdiction to entertain applications, claims, and questions of priority or law arising from insolvency or liquidation. The moratorium period is excluded in computing limitation periods for suits or applications against the corporate debtor.
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