https://www.taxtmi.com/caselaws?id=279606 The Appellate Tribunal set aside the impugned orders and disposed of the case with directions for settling the claim amicably and payment of costs to the Interim Resolution Professional. The Tribunal noted the substitution of Rule 5 and directed reconsideration in light of the amended rule, expressing a prima facie view on the Central Government's power to frame Rules under the Insolvency and Bankruptcy Code. It clarified that the transfer of cases under the Companies Act should be done under the relevant provisions of the Companies Act, not as applications under the Insolvency and Bankruptcy Code. en-us Fri, 21 Jul 2017 00:00:00 +0530 Thu, 28 Mar 2019 06:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279606 The Appellate Tribunal set aside the impugned orders and disposed of the case with directions for settling the claim amicably and payment of costs to the Interim Resolution Professional. The Tribunal noted the substitution of Rule 5 and directed reconsideration in light of the amended rule, expressing a prima facie view on the Central Government's power to frame Rules under the Insolvency and Bankruptcy Code. It clarified that the transfer of cases under the Companies Act should be done under the relevant provisions of the Companies Act, not as applications under the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Fri, 21 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279606