https://www.taxtmi.com/caselaws?id=410269 Pending winding-up proceedings may be transferred to the NCLT where the matter remains at a reversible stage and requires fact-intensive scrutiny better suited to the tribunal. The governing principles under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 distinguish cases that are still amenable to transfer from those that have reached an irreversible stage of liquidation. Where issues such as claims, counterclaims, secured creditors, and sale of assets must be examined, writ jurisdiction under Article 226 is generally considered unsuitable. On the facts noted, the proceedings were not treated as advanced, and transfer was regarded as appropriate in principle. en-us Thu, 01 Jul 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410269 Pending winding-up proceedings may be transferred to the NCLT where the matter remains at a reversible stage and requires fact-intensive scrutiny better suited to the tribunal. The governing principles under the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 distinguish cases that are still amenable to transfer from those that have reached an irreversible stage of liquidation. Where issues such as claims, counterclaims, secured creditors, and sale of assets must be examined, writ jurisdiction under Article 226 is generally considered unsuitable. On the facts noted, the proceedings were not treated as advanced, and transfer was regarded as appropriate in principle. Case-Laws Companies Law Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410269