https://www.taxtmi.com/caselaws?id=389409 The Court found that the National Company Law Tribunal, Kolkata Bench, did not have territorial jurisdiction to entertain the insolvency proceeding filed by a financial creditor against a company that had shifted its registered office to Odisha. The Tribunal's admission of the proceeding was deemed an illegal exercise of jurisdiction. The petitioner was directed to serve the application on the opposite party, and proceedings were stayed pending further consideration of maintainability. en-us Fri, 22 Nov 2019 00:00:00 +0530 Sat, 07 Dec 2019 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389409 The Court found that the National Company Law Tribunal, Kolkata Bench, did not have territorial jurisdiction to entertain the insolvency proceeding filed by a financial creditor against a company that had shifted its registered office to Odisha. The Tribunal's admission of the proceeding was deemed an illegal exercise of jurisdiction. The petitioner was directed to serve the application on the opposite party, and proceedings were stayed pending further consideration of maintainability. Case-Laws Companies Law Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389409