https://www.taxtmi.com/caselaws?id=775016 A transfer order passed by the NCLT President under Rule 16(d) was held appealable under Section 421 of the Companies Act, 2013, because the President acts as the Tribunal under Sections 419(3) and 421, but not under Section 61 of the Insolvency and Bankruptcy Code, which applies only to orders under Part II of the Code. The challenge based on natural justice also failed: the appellant was not a party to the transfer application, only the interim resolution professional was heard, and the appellant's claim had not yet been admitted. The transfer order was therefore upheld, without any view on the merits of the withdrawal application or the pending claim. en-us Thu, 17 Jul 2025 00:00:00 +0530 Fri, 18 Jul 2025 08:22:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775016 A transfer order passed by the NCLT President under Rule 16(d) was held appealable under Section 421 of the Companies Act, 2013, because the President acts as the Tribunal under Sections 419(3) and 421, but not under Section 61 of the Insolvency and Bankruptcy Code, which applies only to orders under Part II of the Code. The challenge based on natural justice also failed: the appellant was not a party to the transfer application, only the interim resolution professional was heard, and the appellant's claim had not yet been admitted. The transfer order was therefore upheld, without any view on the merits of the withdrawal application or the pending claim. Case-Laws IBC Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775016