https://www.taxtmi.com/caselaws?id=349307 Where a company had already been declared sick and the BIFR had confirmed an opinion for winding up under the Sick Industrial Companies (Special Provisions) Act, 1995, the pending High Court winding-up process continued to govern the matter. The Tribunal relied on the statutory position and the Central Government notification preserving High Court jurisdiction once winding-up proceedings had been initiated on that basis. In those circumstances, the insolvency application under the corporate insolvency regime was not entertainable before the Tribunal, and the claimant was directed to pursue its claim before the Official Liquidator. en-us Thu, 07 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349307 Where a company had already been declared sick and the BIFR had confirmed an opinion for winding up under the Sick Industrial Companies (Special Provisions) Act, 1995, the pending High Court winding-up process continued to govern the matter. The Tribunal relied on the statutory position and the Central Government notification preserving High Court jurisdiction once winding-up proceedings had been initiated on that basis. In those circumstances, the insolvency application under the corporate insolvency regime was not entertainable before the Tribunal, and the claimant was directed to pursue its claim before the Official Liquidator. Case-Laws Insolvency and Bankruptcy Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349307