https://www.taxtmi.com/caselaws?id=460792 Delhi HC transferred winding up petitions filed under Section 433 of Companies Act, 1956 to NCLT. Petitioner sought winding up of respondent company for non-payment of outstanding dues with interest. Court held that post-admission transfer to NCLT is permissible when no irreversible steps have been taken in winding up proceedings. Transfer can be effected suo moto by court regardless of parties' applications. Since no substantive winding up proceedings were undertaken, petitions transferred to NCLT for consideration on merits. en-us Tue, 14 May 2024 00:00:00 +0530 Fri, 21 Feb 2025 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460792 Delhi HC transferred winding up petitions filed under Section 433 of Companies Act, 1956 to NCLT. Petitioner sought winding up of respondent company for non-payment of outstanding dues with interest. Court held that post-admission transfer to NCLT is permissible when no irreversible steps have been taken in winding up proceedings. Transfer can be effected suo moto by court regardless of parties' applications. Since no substantive winding up proceedings were undertaken, petitions transferred to NCLT for consideration on merits. Case-Laws Companies Law Tue, 14 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460792