https://www.taxtmi.com/caselaws?id=410834 The tribunal dismissed the Interlocutory Application seeking to quash and stay the present liquidation proceedings involving a government company. The tribunal held that the Adjudicating Authority had jurisdiction, and there was no provision to stay the proceedings under the IBC 2016 once a liquidation order was passed. The tribunal noted that the issues raised were already under consideration by various High Courts, including the Hon'ble Guwahati High Court. Consequently, the tribunal maintained the status quo of the liquidation proceedings, denying the requested relief. en-us Mon, 26 Apr 2021 00:00:00 +0530 Tue, 10 Aug 2021 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410834 The tribunal dismissed the Interlocutory Application seeking to quash and stay the present liquidation proceedings involving a government company. The tribunal held that the Adjudicating Authority had jurisdiction, and there was no provision to stay the proceedings under the IBC 2016 once a liquidation order was passed. The tribunal noted that the issues raised were already under consideration by various High Courts, including the Hon'ble Guwahati High Court. Consequently, the tribunal maintained the status quo of the liquidation proceedings, denying the requested relief. Case-Laws Insolvency and Bankruptcy Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410834