https://www.taxtmi.com/caselaws?id=463727 A party should ordinarily not invoke the High Court's supervisory jurisdiction under Article 227 against an NCLT order passed under Section 7 of the Insolvency and Bankruptcy Code when a statutory remedy is available. The objection to bypassing the Code's appellate route was found to have substance, and the Court observed that the High Court ought not to have entertained the revision. However, because the High Court had already remanded the matter to the NCLT for fresh consideration after taking BIFR proceedings into account, and the matter had remained pending for a long time, the Supreme Court declined to interfere and dismissed the special leave petitions. en-us Mon, 22 Jan 2024 00:00:00 +0530 Sat, 13 Sep 2025 14:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463727 A party should ordinarily not invoke the High Court's supervisory jurisdiction under Article 227 against an NCLT order passed under Section 7 of the Insolvency and Bankruptcy Code when a statutory remedy is available. The objection to bypassing the Code's appellate route was found to have substance, and the Court observed that the High Court ought not to have entertained the revision. However, because the High Court had already remanded the matter to the NCLT for fresh consideration after taking BIFR proceedings into account, and the matter had remained pending for a long time, the Supreme Court declined to interfere and dismissed the special leave petitions. Case-Laws IBC Mon, 22 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463727