https://www.taxtmi.com/caselaws?id=445426 Pending winding up petitions that had reached only the notice stage and had not progressed further were treated as transferable to the National Company Law Tribunal under the statutory transfer regime. Section 434 of the Companies Act, 1956 and Rule 5 of the Companies (Transfer of Pending Proceedings) Rules, 2016 apply where the winding up matter is not at an advanced stage and no irreversible liquidation steps have been taken. Because the petitions remained at a preliminary stage with no substantive progress, they fell within the category intended for transfer, and the pending applications were transferred with them. en-us Wed, 20 Sep 2023 00:00:00 +0530 Tue, 07 Nov 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445426 Pending winding up petitions that had reached only the notice stage and had not progressed further were treated as transferable to the National Company Law Tribunal under the statutory transfer regime. Section 434 of the Companies Act, 1956 and Rule 5 of the Companies (Transfer of Pending Proceedings) Rules, 2016 apply where the winding up matter is not at an advanced stage and no irreversible liquidation steps have been taken. Because the petitions remained at a preliminary stage with no substantive progress, they fell within the category intended for transfer, and the pending applications were transferred with them. Case-Laws Companies Law Wed, 20 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445426