https://www.taxtmi.com/caselaws?id=432897 The writ petition was found not maintainable as the NCLT has jurisdiction over matters related to insolvency resolution. The Resolution Professional's role ends with the successful resolution of the corporate debtor, but they can pursue avoidance applications separately. Adjudication of avoidance applications can occur post-resolution, benefiting creditors rather than the new management. The judgment was set aside, directing the NCLT to proceed with the avoidance application hearing and distribute the recovered amount among creditors as determined by the NCLT. en-us Fri, 13 Jan 2023 00:00:00 +0530 Fri, 10 Apr 2026 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432897 The writ petition was found not maintainable as the NCLT has jurisdiction over matters related to insolvency resolution. The Resolution Professional's role ends with the successful resolution of the corporate debtor, but they can pursue avoidance applications separately. Adjudication of avoidance applications can occur post-resolution, benefiting creditors rather than the new management. The judgment was set aside, directing the NCLT to proceed with the avoidance application hearing and distribute the recovered amount among creditors as determined by the NCLT. Case-Laws IBC Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432897