https://www.taxtmi.com/caselaws?id=273402 Pending winding up petitions in which notice had been served before 15.12.2016 were treated as saved from transfer to the NCLT under the insolvency and company law notifications, so the High Court retained jurisdiction to continue with the petition. The moratorium under Section 14(1)(a) of the Insolvency and Bankruptcy Code, 2016 was stated not to restrain the High Court because it is not subordinate to the NCLT, and Section 41(b) of the Specific Relief Act, 1963 bars injunctions against proceedings in a non-subordinate court. The principle of comity was held inapplicable where statutory notifications preserved the High Court's jurisdiction. en-us Thu, 07 Sep 2017 00:00:00 +0530 Fri, 22 Jun 2018 21:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273402 Pending winding up petitions in which notice had been served before 15.12.2016 were treated as saved from transfer to the NCLT under the insolvency and company law notifications, so the High Court retained jurisdiction to continue with the petition. The moratorium under Section 14(1)(a) of the Insolvency and Bankruptcy Code, 2016 was stated not to restrain the High Court because it is not subordinate to the NCLT, and Section 41(b) of the Specific Relief Act, 1963 bars injunctions against proceedings in a non-subordinate court. The principle of comity was held inapplicable where statutory notifications preserved the High Court's jurisdiction. Case-Laws Insolvency and Bankruptcy Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273402