https://www.taxtmi.com/caselaws?id=198787 The Tribunal held that the Company Petition under IBC 2016 was not maintainable due to a prior winding-up order by the High Court and ongoing recovery actions by financial creditors. The Tribunal emphasized that the petitioner's approach was contradictory and that the IBC could not be misused to interfere with existing legal proceedings. As a result, the Company Petition was dismissed, with no order as to costs. en-us Mon, 21 Aug 2017 00:00:00 +0530 Thu, 08 Feb 2018 21:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198787 The Tribunal held that the Company Petition under IBC 2016 was not maintainable due to a prior winding-up order by the High Court and ongoing recovery actions by financial creditors. The Tribunal emphasized that the petitioner's approach was contradictory and that the IBC could not be misused to interfere with existing legal proceedings. As a result, the Company Petition was dismissed, with no order as to costs. Case-Laws Companies Law Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198787