https://www.taxtmi.com/caselaws?id=766474 SC allowed appeal against HC's premature exercise of writ jurisdiction under Article 226 to interdict personal insolvency proceedings under Section 95 of IBC, 2016. HC incorrectly intervened before resolution professional could submit report and before Adjudicating Authority could determine debt existence under Section 100. Court held that statutory tribunals should be permitted to complete their adjudicatory functions before judicial review, and HC should not substitute itself as decision-making authority. The premature writ intervention precluded proper statutory process from taking course. en-us Thu, 20 Feb 2025 00:00:00 +0530 Wed, 26 Feb 2025 08:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766474 SC allowed appeal against HC's premature exercise of writ jurisdiction under Article 226 to interdict personal insolvency proceedings under Section 95 of IBC, 2016. HC incorrectly intervened before resolution professional could submit report and before Adjudicating Authority could determine debt existence under Section 100. Court held that statutory tribunals should be permitted to complete their adjudicatory functions before judicial review, and HC should not substitute itself as decision-making authority. The premature writ intervention precluded proper statutory process from taking course. Case-Laws IBC Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766474