https://www.taxtmi.com/caselaws?id=423837 A liquidator's attempt to recover pre-CIRP dues from third parties was held not maintainable before the NCLT under the invoked insolvency provision because the claims were not pleaded as preferential, undervalued, or fraudulent transactions. The Tribunal treated such recovery jurisdiction as confined to those specified categories and found no basis to attract it on the pleadings. It also noted that the insolvency law bars civil court jurisdiction only for matters within the Tribunal's domain, while the liquidator may pursue proceedings on behalf of the corporate debtor before the competent forum where permitted by law. The application was dismissed, with liberty to take appropriate remedy elsewhere. en-us Wed, 08 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423837 A liquidator's attempt to recover pre-CIRP dues from third parties was held not maintainable before the NCLT under the invoked insolvency provision because the claims were not pleaded as preferential, undervalued, or fraudulent transactions. The Tribunal treated such recovery jurisdiction as confined to those specified categories and found no basis to attract it on the pleadings. It also noted that the insolvency law bars civil court jurisdiction only for matters within the Tribunal's domain, while the liquidator may pursue proceedings on behalf of the corporate debtor before the competent forum where permitted by law. The application was dismissed, with liberty to take appropriate remedy elsewhere. Case-Laws Insolvency and Bankruptcy Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423837