https://www.taxtmi.com/caselaws?id=400832 The appeal is allowed, and the impugned order of the High Court is set aside. The winding up proceedings pending before the Company Court (Allahabad High Court) are ordered to be transferred to the NCLT, to be taken up along with the appellant's application under Section 7 of the IBC. The court clarified that the restriction under Rules 5 and 6 of the Companies (Transfer of Pending Proceedings) Rules, 2016, regarding the stage of transfer, does not apply to transfers sought under the fifth proviso to Section 434(1)(c). en-us Thu, 19 Nov 2020 00:00:00 +0530 Sat, 31 Dec 2022 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400832 The appeal is allowed, and the impugned order of the High Court is set aside. The winding up proceedings pending before the Company Court (Allahabad High Court) are ordered to be transferred to the NCLT, to be taken up along with the appellant's application under Section 7 of the IBC. The court clarified that the restriction under Rules 5 and 6 of the Companies (Transfer of Pending Proceedings) Rules, 2016, regarding the stage of transfer, does not apply to transfers sought under the fifth proviso to Section 434(1)(c). Case-Laws Companies Law Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400832