https://www.taxtmi.com/notifications?id=119812 These Rules provide for the transfer of pending company law proceedings from High Courts to the National Company Law Tribunal, except matters reserved for orders. Voluntary winding up petitions remain with High Courts. Winding up petitions for inability to pay debts that are unserved must be transferred and treated as insolvency applications under the Insolvency and Bankruptcy Code, with petitioners required to submit admission information including proposed insolvency professional within a stipulated period or face abatement. Relevant records must be transferred and no fee is payable for transferred proceedings. en-us Wed, 07 Dec 2016 00:00:00 +0530 Thu, 08 Dec 2016 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119812 These Rules provide for the transfer of pending company law proceedings from High Courts to the National Company Law Tribunal, except matters reserved for orders. Voluntary winding up petitions remain with High Courts. Winding up petitions for inability to pay debts that are unserved must be transferred and treated as insolvency applications under the Insolvency and Bankruptcy Code, with petitioners required to submit admission information including proposed insolvency professional within a stipulated period or face abatement. Relevant records must be transferred and no fee is payable for transferred proceedings. Notifications Companies Law Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119812