https://www.taxtmi.com/caselaws?id=297392 The High Court granted interim relief to M/s.Hindustan Antibiotics Ltd., finding a strong prima facie case against the Insolvency and Bankruptcy Code (IBC) provisions. The Court expressed doubts on NCLT's jurisdiction in deciding constitutional challenges to the IBC, emphasizing the need for a deeper examination by the Court. The Court stayed further NCLT proceedings, highlighting potential irreparable harm to the company. The judgment addressed challenges to the IBC, applicability to Government companies, NCLT's jurisdiction, and granted interim relief based on the balance of convenience. en-us Fri, 06 Dec 2019 00:00:00 +0530 Wed, 01 Sep 2021 21:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297392 The High Court granted interim relief to M/s.Hindustan Antibiotics Ltd., finding a strong prima facie case against the Insolvency and Bankruptcy Code (IBC) provisions. The Court expressed doubts on NCLT's jurisdiction in deciding constitutional challenges to the IBC, emphasizing the need for a deeper examination by the Court. The Court stayed further NCLT proceedings, highlighting potential irreparable harm to the company. The judgment addressed challenges to the IBC, applicability to Government companies, NCLT's jurisdiction, and granted interim relief based on the balance of convenience. Case-Laws Insolvency and Bankruptcy Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297392