https://www.taxtmi.com/caselaws?id=436753 The NCLT Mumbai Bench lacked territorial jurisdiction to entertain the Application u/s 95(1) of the Insolvency and Bankruptcy Code, 2016. The Appellant's challenge against the order dated 01.12.2022 was successful as the Tribunal determined that the appropriate jurisdiction for the matter was NCLT Chandigarh, where the registered office of the Corporate Debtor is located. The order was set aside, and the Application was dismissed due to the lack of territorial jurisdiction, allowing the Respondent to file in the correct forum. en-us Wed, 19 Apr 2023 00:00:00 +0530 Wed, 19 Apr 2023 22:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436753 The NCLT Mumbai Bench lacked territorial jurisdiction to entertain the Application u/s 95(1) of the Insolvency and Bankruptcy Code, 2016. The Appellant's challenge against the order dated 01.12.2022 was successful as the Tribunal determined that the appropriate jurisdiction for the matter was NCLT Chandigarh, where the registered office of the Corporate Debtor is located. The order was set aside, and the Application was dismissed due to the lack of territorial jurisdiction, allowing the Respondent to file in the correct forum. Case-Laws Insolvency and Bankruptcy Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436753