https://www.taxtmi.com/caselaws?id=428405 The Court allowed the transfer of the Company Petition to NCLT, treating it as an application for initiating the corporate insolvency resolution process under IBC. The winding-up order was recalled but would remain effective until NCLT issued an order under Section 13 of IBC. The Official Liquidator would be discharged post such an order. The transfer order would not impact ongoing criminal proceedings against ex-directors or the parties' rights and liabilities. en-us Mon, 12 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 09:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428405 The Court allowed the transfer of the Company Petition to NCLT, treating it as an application for initiating the corporate insolvency resolution process under IBC. The winding-up order was recalled but would remain effective until NCLT issued an order under Section 13 of IBC. The Official Liquidator would be discharged post such an order. The transfer order would not impact ongoing criminal proceedings against ex-directors or the parties' rights and liabilities. Case-Laws Companies Law Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428405