https://www.taxtmi.com/caselaws?id=432085 The court held that the petitioner was not entitled to an ad interim injunction as the National Company Law Tribunal (NCLT) was the appropriate forum to adjudicate issues related to the liquidation process. Emphasizing the jurisdiction of the NCLT under the Insolvency and Bankruptcy Code, 2016, and the bar on civil courts under Section 430 of the Companies Act, 2013, the court highlighted the overriding effect of Section 238 of the IBC, 2016, supporting the conclusion that the petitioner should seek relief from the NCLT rather than the civil court. en-us Mon, 19 Dec 2022 00:00:00 +0530 Wed, 28 Dec 2022 08:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432085 The court held that the petitioner was not entitled to an ad interim injunction as the National Company Law Tribunal (NCLT) was the appropriate forum to adjudicate issues related to the liquidation process. Emphasizing the jurisdiction of the NCLT under the Insolvency and Bankruptcy Code, 2016, and the bar on civil courts under Section 430 of the Companies Act, 2013, the court highlighted the overriding effect of Section 238 of the IBC, 2016, supporting the conclusion that the petitioner should seek relief from the NCLT rather than the civil court. Case-Laws Insolvency and Bankruptcy Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432085