https://www.taxtmi.com/caselaws?id=389311 Once the stay on the insolvency resolution process was vacated, the legal basis for keeping the company petition before the Company Court no longer survived, and the earlier binding order supported transfer to the National Company Law Tribunal. The objection based on protection of workmen's dues was treated as academic because no workman had raised it and no ripe stage for that issue had arisen. The Court also noted that guarantors' personal properties were not assets of the company under liquidation and no irreversible step in relation to company assets had been shown. The winding up proceedings were therefore not retained in the Company Court. en-us Wed, 27 Nov 2019 00:00:00 +0530 Thu, 05 Dec 2019 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389311 Once the stay on the insolvency resolution process was vacated, the legal basis for keeping the company petition before the Company Court no longer survived, and the earlier binding order supported transfer to the National Company Law Tribunal. The objection based on protection of workmen's dues was treated as academic because no workman had raised it and no ripe stage for that issue had arisen. The Court also noted that guarantors' personal properties were not assets of the company under liquidation and no irreversible step in relation to company assets had been shown. The winding up proceedings were therefore not retained in the Company Court. Case-Laws Companies Law Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389311