https://www.taxtmi.com/caselaws?id=439941 The NCLAT upheld the NCLT's decision that I.A. No. 2691 of 2022 was maintainable under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016. The NCLAT clarified that the jurisdiction of the Adjudicating Authority extends to disputes related to the insolvency of the Corporate Debtor. Additionally, the NCLAT emphasized that the issue was not about including assets of a subsidiary in the liquidation estate but rather the maintainability of the application based on the Insolvency Resolution Process of the Corporate Debtor. The appeals were dismissed, leaving the NCLT to further examine the application. en-us Tue, 04 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 07:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439941 The NCLAT upheld the NCLT's decision that I.A. No. 2691 of 2022 was maintainable under Section 60(5)(c) of the Insolvency and Bankruptcy Code, 2016. The NCLAT clarified that the jurisdiction of the Adjudicating Authority extends to disputes related to the insolvency of the Corporate Debtor. Additionally, the NCLAT emphasized that the issue was not about including assets of a subsidiary in the liquidation estate but rather the maintainability of the application based on the Insolvency Resolution Process of the Corporate Debtor. The appeals were dismissed, leaving the NCLT to further examine the application. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439941