https://www.taxtmi.com/caselaws?id=419019 The High Court dismissed the petitioners' challenge to the National Company Law Tribunal's order quashing Ext.P11 Order, stating that the petitioners had an alternative remedy to appeal to the National Company Law Appellate Tribunal under the Insolvency and Bankruptcy Code. The Court found that the claims against the personal guarantors were not barred by limitation and upheld the appointment of an Insolvency Resolution Professional. Additionally, the Court rejected the constitutional challenge to certain sections of the Insolvency and Bankruptcy Code, affirming the authority of the Resolution Professional and the Adjudicating Authority. The petitioners were given one month to appeal to the NCLAT. en-us Wed, 16 Feb 2022 00:00:00 +0530 Tue, 01 Mar 2022 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419019 The High Court dismissed the petitioners' challenge to the National Company Law Tribunal's order quashing Ext.P11 Order, stating that the petitioners had an alternative remedy to appeal to the National Company Law Appellate Tribunal under the Insolvency and Bankruptcy Code. The Court found that the claims against the personal guarantors were not barred by limitation and upheld the appointment of an Insolvency Resolution Professional. Additionally, the Court rejected the constitutional challenge to certain sections of the Insolvency and Bankruptcy Code, affirming the authority of the Resolution Professional and the Adjudicating Authority. The petitioners were given one month to appeal to the NCLAT. Case-Laws Insolvency and Bankruptcy Wed, 16 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419019