https://www.taxtmi.com/caselaws?id=410225 Pending winding-up proceedings may be considered for transfer to the National Company Law Tribunal where they have not reached an irreversible stage, so that rival claims, counter-claims and defences can be examined in the specialised insolvency forum. The text also notes that disputes involving sale of secured assets, default by the auction purchaser, and competing creditor claims raise complex financial and factual questions that are not well suited to writ adjudication under Article 226. In light of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016, the pending winding-up matter was left for the Company Judge to consider transfer. en-us Mon, 26 Jul 2021 00:00:00 +0530 Sat, 20 Nov 2021 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410225 Pending winding-up proceedings may be considered for transfer to the National Company Law Tribunal where they have not reached an irreversible stage, so that rival claims, counter-claims and defences can be examined in the specialised insolvency forum. The text also notes that disputes involving sale of secured assets, default by the auction purchaser, and competing creditor claims raise complex financial and factual questions that are not well suited to writ adjudication under Article 226. In light of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016, the pending winding-up matter was left for the Company Judge to consider transfer. Case-Laws Companies Law Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410225