https://www.taxtmi.com/caselaws?id=418349 The court held that the complaint filed by the Insolvency and Bankruptcy Board of India against the petitioners for offenses under the Insolvency and Bankruptcy Code could not be entertained by the Sessions Judge due to lack of jurisdiction. The order issuing process against the petitioners was deemed jurisdictionally improper. It was determined that the Special Court to try offenses under the Insolvency and Bankruptcy Code is the one established under Section 435(2)(b) of the Companies Act, 2013, comprising Metropolitan Magistrates or Judicial Magistrates First Class. Consequently, the proceedings in Special Case No. 853/2020 in the Court of Additional Sessions Judge were quashed. en-us Mon, 14 Feb 2022 00:00:00 +0530 Tue, 15 Feb 2022 16:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418349 The court held that the complaint filed by the Insolvency and Bankruptcy Board of India against the petitioners for offenses under the Insolvency and Bankruptcy Code could not be entertained by the Sessions Judge due to lack of jurisdiction. The order issuing process against the petitioners was deemed jurisdictionally improper. It was determined that the Special Court to try offenses under the Insolvency and Bankruptcy Code is the one established under Section 435(2)(b) of the Companies Act, 2013, comprising Metropolitan Magistrates or Judicial Magistrates First Class. Consequently, the proceedings in Special Case No. 853/2020 in the Court of Additional Sessions Judge were quashed. Case-Laws Insolvency and Bankruptcy Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418349