https://www.taxtmi.com/caselaws?id=766142 Delhi HC transferred a winding-up petition to NCLT after seven years of inactivity. The petition remained at preliminary stage with no provisional or official liquidator appointed and no substantive orders passed. Following Supreme Court precedent in Action Ispat case, HC held that non-advanced winding-up proceedings should transfer to NCLT. Respondent company's written request for transfer was treated as formal application. HC found no impediment to transfer given express request and lack of substantive progress. Petition transferred to NCLT Delhi Bench for further proceedings and listed for March 2025. en-us Tue, 04 Feb 2025 00:00:00 +0530 Wed, 19 Feb 2025 08:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766142 Delhi HC transferred a winding-up petition to NCLT after seven years of inactivity. The petition remained at preliminary stage with no provisional or official liquidator appointed and no substantive orders passed. Following Supreme Court precedent in Action Ispat case, HC held that non-advanced winding-up proceedings should transfer to NCLT. Respondent company's written request for transfer was treated as formal application. HC found no impediment to transfer given express request and lack of substantive progress. Petition transferred to NCLT Delhi Bench for further proceedings and listed for March 2025. Case-Laws Companies Law Tue, 04 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766142