https://www.taxtmi.com/caselaws?id=382120 The Calcutta High Court considered the jurisdiction to proceed with CP 1 of 2016 under the Insolvency and Bankruptcy Code (IBC) in a case involving multiple parties, including home buyers and companies like Avani Projects and Infrastructures Limited. The court heard arguments from different representatives, with one side advocating for the court to retain jurisdiction and the other suggesting NCLT should handle the case. The State Bank of India supported its position in a supplementary affidavit. The court adjourned the hearing on various applications to resolve the jurisdictional issue related to CP 1 of 2016, with further proceedings scheduled for 21st June 2019. en-us Fri, 14 Jun 2019 00:00:00 +0530 Wed, 26 Jun 2019 07:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382120 The Calcutta High Court considered the jurisdiction to proceed with CP 1 of 2016 under the Insolvency and Bankruptcy Code (IBC) in a case involving multiple parties, including home buyers and companies like Avani Projects and Infrastructures Limited. The court heard arguments from different representatives, with one side advocating for the court to retain jurisdiction and the other suggesting NCLT should handle the case. The State Bank of India supported its position in a supplementary affidavit. The court adjourned the hearing on various applications to resolve the jurisdictional issue related to CP 1 of 2016, with further proceedings scheduled for 21st June 2019. Case-Laws Companies Law Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382120