https://www.taxtmi.com/caselaws?id=424760 The court directed the transfer of the Company Petition and related applications to the NCLT, Kolkata Bench, rejecting objections raised by the contributory. The decision emphasized the legislative intent to transfer winding-up proceedings to the NCLT and found no irreversible situation warranting the High Court's retention of jurisdiction. The court's ruling aligned with the amended Section 434 (1) (c) of the Companies Act, 2013, facilitating such transfers unless exceptional circumstances exist, as per precedents and legislative intent. en-us Mon, 04 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424760 The court directed the transfer of the Company Petition and related applications to the NCLT, Kolkata Bench, rejecting objections raised by the contributory. The decision emphasized the legislative intent to transfer winding-up proceedings to the NCLT and found no irreversible situation warranting the High Court's retention of jurisdiction. The court's ruling aligned with the amended Section 434 (1) (c) of the Companies Act, 2013, facilitating such transfers unless exceptional circumstances exist, as per precedents and legislative intent. Case-Laws Companies Law Mon, 04 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424760