https://www.taxtmi.com/caselaws?id=751453 Bombay HC dismissed a writ petition challenging NCLT's order rejecting an application for discharge of advocate appointed by JCM group and appointment of company's own advocate. The court held NCLT had jurisdiction and followed natural justice principles while considering the interlocutory application. The dispute regarding compliance with Rule 120 of NCLT Rules could be raised in appeal rather than writ jurisdiction under Article 226. The court emphasized that inter se disputes between groups representing the corporate debtor should not delay or jeopardize Section 7 IBC proceedings filed by the financial creditor, as the insolvency petition had already been admitted. en-us Mon, 01 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 08:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751453 Bombay HC dismissed a writ petition challenging NCLT's order rejecting an application for discharge of advocate appointed by JCM group and appointment of company's own advocate. The court held NCLT had jurisdiction and followed natural justice principles while considering the interlocutory application. The dispute regarding compliance with Rule 120 of NCLT Rules could be raised in appeal rather than writ jurisdiction under Article 226. The court emphasized that inter se disputes between groups representing the corporate debtor should not delay or jeopardize Section 7 IBC proceedings filed by the financial creditor, as the insolvency petition had already been admitted. Case-Laws Insolvency and Bankruptcy Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751453