https://www.taxtmi.com/caselaws?id=396336 Voluntary liquidation under the Insolvency and Bankruptcy Code, 2016 applies to corporate persons even where the company had earlier been under the previous company law regime, because the Code has overriding effect and its liquidation framework governs claim handling with necessary modifications. The liquidator's admission or rejection of a claim is subject to challenge before the Adjudicating Authority, so an appeal against rejection of a claim is maintainable. A transitional order dealing with pending voluntary winding-up proceedings under the Companies Act, 1956 operates in a different field and does not displace the Code's voluntary liquidation process. en-us Fri, 22 May 2020 00:00:00 +0530 Tue, 16 Mar 2021 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396336 Voluntary liquidation under the Insolvency and Bankruptcy Code, 2016 applies to corporate persons even where the company had earlier been under the previous company law regime, because the Code has overriding effect and its liquidation framework governs claim handling with necessary modifications. The liquidator's admission or rejection of a claim is subject to challenge before the Adjudicating Authority, so an appeal against rejection of a claim is maintainable. A transitional order dealing with pending voluntary winding-up proceedings under the Companies Act, 1956 operates in a different field and does not displace the Code's voluntary liquidation process. Case-Laws Insolvency and Bankruptcy Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396336