https://www.taxtmi.com/caselaws?id=424595 The Tribunal set aside the order transferring Company Petitions to the Chandigarh Bench, emphasizing that the power to transfer cases lies with the President. The matters were directed to be reassigned by the President under Rule 16(d) of the NCLT Rules, 2016. The Tribunal clarified the President's jurisdiction in reassignment, highlighting the importance of the President's role in such decisions. Additionally, the Tribunal confirmed the survival of CP No. 144/2016 for adjudication and maintained the stay order on the operation of the impugned order dated 02.09.2021, remitting the matter to the President for further action. en-us Mon, 04 Jul 2022 00:00:00 +0530 Tue, 05 Jul 2022 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424595 The Tribunal set aside the order transferring Company Petitions to the Chandigarh Bench, emphasizing that the power to transfer cases lies with the President. The matters were directed to be reassigned by the President under Rule 16(d) of the NCLT Rules, 2016. The Tribunal clarified the President's jurisdiction in reassignment, highlighting the importance of the President's role in such decisions. Additionally, the Tribunal confirmed the survival of CP No. 144/2016 for adjudication and maintained the stay order on the operation of the impugned order dated 02.09.2021, remitting the matter to the President for further action. Case-Laws Companies Law Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424595