https://www.taxtmi.com/caselaws?id=417108 A winding up petition admitted by the Company Court may still be transferred to the NCLT if no winding up order has been passed and no provisional liquidator has been appointed. The controlling principle is whether the proceedings have reached an irreversible stage; if they have not, the clock can be set back and the matter may continue under the insolvency framework. Applying that principle, the petition was held transferable to the NCLT, Ahmedabad Bench, which was directed to proceed from the stage at which the matter stood transferred. en-us Wed, 05 Jan 2022 00:00:00 +0530 Sat, 15 Jan 2022 08:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417108 A winding up petition admitted by the Company Court may still be transferred to the NCLT if no winding up order has been passed and no provisional liquidator has been appointed. The controlling principle is whether the proceedings have reached an irreversible stage; if they have not, the clock can be set back and the matter may continue under the insolvency framework. Applying that principle, the petition was held transferable to the NCLT, Ahmedabad Bench, which was directed to proceed from the stage at which the matter stood transferred. Case-Laws Companies Law Wed, 05 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417108