https://www.taxtmi.com/caselaws?id=761749 Delhi HC dismissed petition seeking interim relief against show cause notice. Court found petition raised complex jurisdictional challenges but declined full adjudication at interim stage, assessing only prima facie merits. Regarding time limitation under IBBI Regulations, Court held complaints must be filed within 45 days of cause of action, extendable by 30 days with sufficient reasons. Petitioner faced serious allegations of improper Committee of Creditors constitution and failure to notify relevant creditors during insolvency proceedings. Court applied General Clauses Act interpretation allowing singular "member" to include plural in disciplinary committee context. No interim stay granted; application dismissed. en-us Thu, 22 Aug 2024 00:00:00 +0530 Sat, 16 Nov 2024 08:38:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761749 Delhi HC dismissed petition seeking interim relief against show cause notice. Court found petition raised complex jurisdictional challenges but declined full adjudication at interim stage, assessing only prima facie merits. Regarding time limitation under IBBI Regulations, Court held complaints must be filed within 45 days of cause of action, extendable by 30 days with sufficient reasons. Petitioner faced serious allegations of improper Committee of Creditors constitution and failure to notify relevant creditors during insolvency proceedings. Court applied General Clauses Act interpretation allowing singular "member" to include plural in disciplinary committee context. No interim stay granted; application dismissed. Case-Laws IBC Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761749