https://www.taxtmi.com/caselaws?id=409751 The case involved challenges against NCLT proceedings related to the Corporate Insolvency Resolution Process under the IBC, 2016. The petitioners, Operational Creditors, appealed NCLT's order to NCLAT, leading to delays and subsequent writ petitions. The court addressed the maintainability of the writ petitions, emphasizing the appeal mechanism under Sections 61 and 62 of the Code. It highlighted the three-tier mechanism of NCLT, NCLAT, and Supreme Court, dismissing the writ petitions to uphold the Code's objectives and previous judicial interpretations, emphasizing adherence to the IBC provisions and the importance of the resolution process. en-us Fri, 02 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 08:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409751 The case involved challenges against NCLT proceedings related to the Corporate Insolvency Resolution Process under the IBC, 2016. The petitioners, Operational Creditors, appealed NCLT's order to NCLAT, leading to delays and subsequent writ petitions. The court addressed the maintainability of the writ petitions, emphasizing the appeal mechanism under Sections 61 and 62 of the Code. It highlighted the three-tier mechanism of NCLT, NCLAT, and Supreme Court, dismissing the writ petitions to uphold the Code's objectives and previous judicial interpretations, emphasizing adherence to the IBC provisions and the importance of the resolution process. Case-Laws Insolvency and Bankruptcy Fri, 02 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409751