NCLT Orders IBBI to Halt Inquiries; Jurisdiction Limits Under Insolvency Code Render Orders Invalid.

NCLT Orders IBBI to Halt Inquiries; Jurisdiction Limits Under Insolvency Code Render Orders Invalid. https://www.taxtmi.com/highlights?id=65436 Validity of order of NCLT issuing Direction to IBBI not to initiate any enquiry till further orders, if any enquiry is initiated, the same be halted till further direction from the court - the prescribed authorities (NCLT/NCLAT) have been endowed with limited jurisdiction as specified in the I&B Code and not to act as a court of equity or exercise plenary powers - The impugned orders are not valid - AT en-us Sat, 03 Sep 2022 08:05:59 +0530 Sat, 03 Sep 2022 08:05:59 +0530 TaxTMI RSS Generator NCLT Orders IBBI to Halt Inquiries; Jurisdiction Limits Under Insolvency Code Render Orders Invalid. https://www.taxtmi.com/highlights?id=65436 Validity of order of NCLT issuing Direction to IBBI not to initiate any enquiry till further orders, if any enquiry is initiated, the same be halted till further direction from the court - the prescribed authorities (NCLT/NCLAT) have been endowed with limited jurisdiction as specified in the I&B Code and not to act as a court of equity or exercise plenary powers - The impugned orders are not valid - AT Highlights Insolvency and Bankruptcy Sat, 03 Sep 2022 08:05:59 +0530 https://www.taxtmi.com/highlights?id=65436