https://www.taxtmi.com/caselaws?id=425690 The Adjudicating Authority clarified its jurisdiction under the IBC, 2016, emphasizing the need for a specific textual basis for its exercise. The court held that challenges to Enforcement Directorate's actions unrelated to insolvency or liquidation were not maintainable. Requests for directions to debtors for payment were also rejected, with the liquidator advised to pursue recovery suits under the IBC. This judgment underscores the limited scope of the Adjudicating Authority's jurisdiction and provides guidance on legal avenues for challenging statutory actions and recovering debts. en-us Tue, 19 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 21:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425690 The Adjudicating Authority clarified its jurisdiction under the IBC, 2016, emphasizing the need for a specific textual basis for its exercise. The court held that challenges to Enforcement Directorate's actions unrelated to insolvency or liquidation were not maintainable. Requests for directions to debtors for payment were also rejected, with the liquidator advised to pursue recovery suits under the IBC. This judgment underscores the limited scope of the Adjudicating Authority's jurisdiction and provides guidance on legal avenues for challenging statutory actions and recovering debts. Case-Laws Insolvency and Bankruptcy Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425690