https://www.taxtmi.com/caselaws?id=348372 The National Company Law Tribunal transferred a winding-up petition from the High Court due to non-service of the respondent. Despite multiple opportunities, the petitioner failed to comply with the Companies (Transfer of Pending Proceedings) Rules, 2016 and Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, leading to the dismissal of the petition and its abatement. The tribunal emphasized the application of the Insolvency and Bankruptcy Code, 2016 over the Companies Act, 1956, requiring strict adherence to the new rules. The petitioner was given the liberty to file a fresh petition, stressing the importance of compliance with the updated insolvency laws. en-us Fri, 11 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348372 The National Company Law Tribunal transferred a winding-up petition from the High Court due to non-service of the respondent. Despite multiple opportunities, the petitioner failed to comply with the Companies (Transfer of Pending Proceedings) Rules, 2016 and Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, leading to the dismissal of the petition and its abatement. The tribunal emphasized the application of the Insolvency and Bankruptcy Code, 2016 over the Companies Act, 1956, requiring strict adherence to the new rules. The petitioner was given the liberty to file a fresh petition, stressing the importance of compliance with the updated insolvency laws. Case-Laws Insolvency and Bankruptcy Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348372