https://www.taxtmi.com/caselaws?id=404261 Questions arose over whether proceedings concerning the companies' assets were pending before the NCLT and, if not, whether the High Court could refer the parties' claims and related questions of law and fact to that Tribunal. The matter was considered against the background of secured creditor recovery action, prior winding-up and sale of assets, and the asserted effect of the insolvency framework, including alleged abatement under the repeal and amendment provisions governing sick industrial companies. No final view was taken on the abatement issue or on the power of referral; further submissions were called for on the pending status of proceedings and the Court's reference jurisdiction. en-us Thu, 04 Feb 2021 00:00:00 +0530 Fri, 19 Feb 2021 10:37:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404261 Questions arose over whether proceedings concerning the companies' assets were pending before the NCLT and, if not, whether the High Court could refer the parties' claims and related questions of law and fact to that Tribunal. The matter was considered against the background of secured creditor recovery action, prior winding-up and sale of assets, and the asserted effect of the insolvency framework, including alleged abatement under the repeal and amendment provisions governing sick industrial companies. No final view was taken on the abatement issue or on the power of referral; further submissions were called for on the pending status of proceedings and the Court's reference jurisdiction. Case-Laws Companies Law Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404261