https://www.taxtmi.com/caselaws?id=444997 The HC ordered the transfer of the winding up petition against the Respondent Company to the NCLT, as the proceedings were not at an advanced stage. The petition involved a default in maintenance charges exceeding Rs.16 crores. Following the Supreme Court's precedent, the HC determined that the case should be resolved under the Code by the NCLT. The parties were instructed to appear before the NCLT on a specified date, and the electronic record of the petition was to be sent to the NCLT within a week. en-us Thu, 05 Oct 2023 00:00:00 +0530 Sat, 28 Oct 2023 08:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444997 The HC ordered the transfer of the winding up petition against the Respondent Company to the NCLT, as the proceedings were not at an advanced stage. The petition involved a default in maintenance charges exceeding Rs.16 crores. Following the Supreme Court's precedent, the HC determined that the case should be resolved under the Code by the NCLT. The parties were instructed to appear before the NCLT on a specified date, and the electronic record of the petition was to be sent to the NCLT within a week. Case-Laws Companies Law Thu, 05 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444997