https://www.taxtmi.com/highlights?id=89888 The HC dismissed a petition challenging NCLT's jurisdiction to entertain an application under Section 95 of the Insolvency and Bankruptcy Code, 2016. Petitioner contended that NCLT's initiation of proceedings violated IB Code provisions. The HC relied on Supreme Court precedent in Dilip B Jiwrajka v Union of India, which upheld constitutional validity of Sections 95-100 and rejected arguments requiring parties to be heard before Resolution Professional appointment. The Court held that Resolution Professional's enquiry is merely facilitative to collate facts, with the report being recommendatory. Guarantors receive adequate hearing opportunity at adjudication stage under Section 99(10) after receiving the report, ensuring no natural justice ..... en-us Sat, 28 Jun 2025 08:32:04 +0530 Sat, 28 Jun 2025 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89888 The HC dismissed a petition challenging NCLT's jurisdiction to entertain an application under Section 95 of the Insolvency and Bankruptcy Code, 2016. Petitioner contended that NCLT's initiation of proceedings violated IB Code provisions. The HC relied on Supreme Court precedent in Dilip B Jiwrajka v Union of India, which upheld constitutional validity of Sections 95-100 and rejected arguments requiring parties to be heard before Resolution Professional appointment. The Court held that Resolution Professional's enquiry is merely facilitative to collate facts, with the report being recommendatory. Guarantors receive adequate hearing opportunity at adjudication stage under Section 99(10) after receiving the report, ensuring no natural justice ..... Highlights IBC Sat, 28 Jun 2025 08:32:04 +0530 https://www.taxtmi.com/highlights?id=89888