https://www.taxtmi.com/caselaws?id=406777 Section 60(5) of the Insolvency and Bankruptcy Code, 2016 gives the Tribunal jurisdiction over questions arising in relation to insolvency proceedings, but it does not authorise a fresh petition seeking group CIRP relief in the manner prayed for. The Tribunal found the petition maintainable neither on the statutory basis invoked nor on the facts, because the same project-linked controversy was already pending in appellate proceedings. It also held that the petitioner had not approached with clean hands, having relied on overlapping pleadings and claims after earlier insolvency proceedings on the same project. The petitioner was further estopped from re-agitating the same controversy through another petition, and insolvency relief was declined. en-us Wed, 31 Mar 2021 00:00:00 +0530 Fri, 23 Apr 2021 21:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406777 Section 60(5) of the Insolvency and Bankruptcy Code, 2016 gives the Tribunal jurisdiction over questions arising in relation to insolvency proceedings, but it does not authorise a fresh petition seeking group CIRP relief in the manner prayed for. The Tribunal found the petition maintainable neither on the statutory basis invoked nor on the facts, because the same project-linked controversy was already pending in appellate proceedings. It also held that the petitioner had not approached with clean hands, having relied on overlapping pleadings and claims after earlier insolvency proceedings on the same project. The petitioner was further estopped from re-agitating the same controversy through another petition, and insolvency relief was declined. Case-Laws Insolvency and Bankruptcy Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406777