https://www.taxtmi.com/caselaws?id=385519 The Court transferred Company Petition No.125/2014 to the NCLT under the Companies Act, 2013, pursuant to the second proviso of Section 434[1][c], allowing resolution under the Insolvency and Bankruptcy Code, 2016. The applicant's withdrawal of a petition before the NCLT facilitated this transfer, aligning with the objective of enabling remedies under the Code. The decision aimed to provide opportunities for arrangements, reconstruction, and rehabilitation under the NCLT's jurisdiction. The Court directed the respondent to appear before the NCLT without further notice for further proceedings in accordance with the law. en-us Tue, 18 Jun 2019 00:00:00 +0530 Sat, 07 Sep 2019 06:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385519 The Court transferred Company Petition No.125/2014 to the NCLT under the Companies Act, 2013, pursuant to the second proviso of Section 434[1][c], allowing resolution under the Insolvency and Bankruptcy Code, 2016. The applicant's withdrawal of a petition before the NCLT facilitated this transfer, aligning with the objective of enabling remedies under the Code. The decision aimed to provide opportunities for arrangements, reconstruction, and rehabilitation under the NCLT's jurisdiction. The Court directed the respondent to appear before the NCLT without further notice for further proceedings in accordance with the law. Case-Laws Companies Law Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385519