https://www.taxtmi.com/caselaws?id=366859 The amended transfer provision gives the High Court discretion to transfer pending winding up proceedings, but that discretion must be exercised judicially. Where the winding up petition had already been contested, affidavits exchanged, and the hearing had substantially progressed, and the related insolvency application before the NCLT had not even been listed or admitted, there was no basis to displace the pending proceeding. The request for transfer was therefore rejected. en-us Thu, 09 Aug 2018 00:00:00 +0530 Wed, 12 Sep 2018 09:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366859 The amended transfer provision gives the High Court discretion to transfer pending winding up proceedings, but that discretion must be exercised judicially. Where the winding up petition had already been contested, affidavits exchanged, and the hearing had substantially progressed, and the related insolvency application before the NCLT had not even been listed or admitted, there was no basis to displace the pending proceeding. The request for transfer was therefore rejected. Case-Laws Companies Law Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366859