https://www.taxtmi.com/caselaws?id=423208 The NCLT Jaipur Bench lacked jurisdiction over a petition concerning a Corporate Debtor with its registered office in New Delhi, as per Section 60(1) of the IBC, 2016. The bench considered options to address this, including transferring the case to NCLT New Delhi under Rule 16 of the NCLT Rules. Ultimately, the objection raised by the Respondent was upheld, and IA No. 135/JPR/2022 was allowed, leading to the transfer of the case to NCLT New Delhi for further proceedings, emphasizing the significance of complying with territorial jurisdiction requirements under the IBC, 2016. en-us Fri, 13 May 2022 00:00:00 +0530 Thu, 02 Jun 2022 08:41:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423208 The NCLT Jaipur Bench lacked jurisdiction over a petition concerning a Corporate Debtor with its registered office in New Delhi, as per Section 60(1) of the IBC, 2016. The bench considered options to address this, including transferring the case to NCLT New Delhi under Rule 16 of the NCLT Rules. Ultimately, the objection raised by the Respondent was upheld, and IA No. 135/JPR/2022 was allowed, leading to the transfer of the case to NCLT New Delhi for further proceedings, emphasizing the significance of complying with territorial jurisdiction requirements under the IBC, 2016. Case-Laws Insolvency and Bankruptcy Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423208