https://www.taxtmi.com/caselaws?id=296222 A winding up proceeding referred by the BIFR and pending before the High Court must be transferred to the National Company Law Tribunal when a transfer application is filed after 17.08.2018. Section 434(1)(c) of the Companies Act, 2013 and Rules 5 and 6 of the Companies (Transfer of Pending Proceedings) Rules, 2016, read with the controlling Supreme Court interpretation, require such pending Section 20 Sick Industrial Companies Act matters to move from the High Court to the NCLT. On transfer, the matter is treated as an application for initiation of the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. en-us Mon, 18 May 2020 00:00:00 +0530 Sat, 10 Jul 2021 08:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296222 A winding up proceeding referred by the BIFR and pending before the High Court must be transferred to the National Company Law Tribunal when a transfer application is filed after 17.08.2018. Section 434(1)(c) of the Companies Act, 2013 and Rules 5 and 6 of the Companies (Transfer of Pending Proceedings) Rules, 2016, read with the controlling Supreme Court interpretation, require such pending Section 20 Sick Industrial Companies Act matters to move from the High Court to the NCLT. On transfer, the matter is treated as an application for initiation of the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. Case-Laws Companies Law Mon, 18 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296222