https://www.taxtmi.com/caselaws?id=435693 The High Court upheld the Company Court's decision, dismissing the appeal against the rejection of the application to transfer winding up proceedings to NCLT under IBC. The Court affirmed that irreversible steps had been taken in the winding up process, including asset sales and financial challenges, making the transfer inappropriate. en-us Wed, 22 Mar 2023 00:00:00 +0530 Sat, 25 Mar 2023 08:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435693 The High Court upheld the Company Court's decision, dismissing the appeal against the rejection of the application to transfer winding up proceedings to NCLT under IBC. The Court affirmed that irreversible steps had been taken in the winding up process, including asset sales and financial challenges, making the transfer inappropriate. Case-Laws Companies Law Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435693