https://www.taxtmi.com/caselaws?id=299094 The High Court found the writ petition challenging the National Company Law Tribunal's judgment under the Insolvency and Bankruptcy Code maintainable. The Court emphasized the distinction between lack of jurisdiction and wrongful exercise of jurisdiction, allowing for writ jurisdiction against NCLT orders under certain circumstances. The petition raised substantial grounds warranting further examination, including procedural violations and the impact of civil court proceedings. The Court deemed the issues significant for consideration, scheduling the next hearing for the respondents to file their counter within a specified timeframe. en-us Mon, 15 Mar 2021 00:00:00 +0530 Fri, 03 Dec 2021 08:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299094 The High Court found the writ petition challenging the National Company Law Tribunal's judgment under the Insolvency and Bankruptcy Code maintainable. The Court emphasized the distinction between lack of jurisdiction and wrongful exercise of jurisdiction, allowing for writ jurisdiction against NCLT orders under certain circumstances. The petition raised substantial grounds warranting further examination, including procedural violations and the impact of civil court proceedings. The Court deemed the issues significant for consideration, scheduling the next hearing for the respondents to file their counter within a specified timeframe. Case-Laws Insolvency and Bankruptcy Mon, 15 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299094