https://www.taxtmi.com/caselaws?id=389742 The High Court retains jurisdiction over the winding-up petition and connected applications under the Companies Act, 1956, and the Companies (Court) Rules, 1959. The Provisional Liquidator will not be discharged and will assist the Interim Resolution Professional (IRP). The winding-up proceedings will be stayed until the National Company Law Tribunal (NCLT) concludes the resolution process. If the resolution plan is rejected, the winding-up petition will proceed in the High Court. The NCLT should not interfere with the High Court's jurisdiction over the saved petition. en-us Thu, 12 Dec 2019 00:00:00 +0530 Mon, 04 Jan 2021 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389742 The High Court retains jurisdiction over the winding-up petition and connected applications under the Companies Act, 1956, and the Companies (Court) Rules, 1959. The Provisional Liquidator will not be discharged and will assist the Interim Resolution Professional (IRP). The winding-up proceedings will be stayed until the National Company Law Tribunal (NCLT) concludes the resolution process. If the resolution plan is rejected, the winding-up petition will proceed in the High Court. The NCLT should not interfere with the High Court's jurisdiction over the saved petition. Case-Laws Companies Law Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389742