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    <title>TRANSFER OF PENDING PROCEEDINGS TO NATIONAL COMPANY LAW TRIBUNAL UNDER SECTION 434 OF COMPANIES ACT, 2013</title>
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    <description>Section 434 and the transfer rules require staged migration of pending company law matters to the new adjudicatory forum, with immediate transfer of matters from the company law administrative body and later transfer of court matters. Winding up petitions served as required are to be treated as applications under the insolvency regime and require petitioners to submit admission information, including proposed insolvency professional details, within a specified period or face abatement. Reserved orders and specified winding up cases remain governed by the prior Act and court rules.</description>
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    <pubDate>Tue, 13 Dec 2016 10:11:38 +0530</pubDate>
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      <description>Section 434 and the transfer rules require staged migration of pending company law matters to the new adjudicatory forum, with immediate transfer of matters from the company law administrative body and later transfer of court matters. Winding up petitions served as required are to be treated as applications under the insolvency regime and require petitioners to submit admission information, including proposed insolvency professional details, within a specified period or face abatement. Reserved orders and specified winding up cases remain governed by the prior Act and court rules.</description>
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