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of <h1>Section 63 of IBC 2016 Limits Civil Court Jurisdiction on Insolvency Matters, Emphasizing NCLT's Authority</h1> Section 63 of the Insolvency and Bankruptcy Code (IBC) 2016 bars civil courts or authorities from entertaining suits or proceedings on matters under the jurisdiction of the National Company Law Tribunal (NCLT) or the National Company Law Appellate Tribunal (NCLAT). Case laws illustrate this, such as GE Power India Ltd. vs. NHPC Ltd. and Liberty House Group PTE Ltd. vs. State Bank of India & Ors., emphasizing that issues related to insolvency resolution fall under the NCLT's jurisdiction, further restricting high court jurisdiction as per section 231 of the Code.
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