https://www.taxtmi.com/caselaws?id=398917 The High Court dismissed the Writ Petition challenging an NCLT order under the Insolvency and Bankruptcy Code, 2016. The NCLT had admitted a Company Application for Corporate Insolvency Resolution Process. The petitioners alleged fraud and misappropriation but did not dispute NCLT's jurisdiction. The High Court emphasized NCLT's powers, citing a Supreme Court judgment, and directed the petitioners to pursue their claims through the appeal process before NCLAT under Section 61 of the Code. The court declined to entertain the Writ Petition, granting liberty to appeal while ordering closure of pending miscellaneous petitions. en-us Thu, 17 Sep 2020 00:00:00 +0530 Mon, 28 Sep 2020 08:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398917 The High Court dismissed the Writ Petition challenging an NCLT order under the Insolvency and Bankruptcy Code, 2016. The NCLT had admitted a Company Application for Corporate Insolvency Resolution Process. The petitioners alleged fraud and misappropriation but did not dispute NCLT's jurisdiction. The High Court emphasized NCLT's powers, citing a Supreme Court judgment, and directed the petitioners to pursue their claims through the appeal process before NCLAT under Section 61 of the Code. The court declined to entertain the Writ Petition, granting liberty to appeal while ordering closure of pending miscellaneous petitions. Case-Laws Insolvency and Bankruptcy Thu, 17 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398917