https://www.taxtmi.com/caselaws?id=792323 Transferred winding-up petitions were to be treated as applications for commencement of corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016, and their maintainability depended on the threshold in force when the Tribunal considered them. The earlier filing date of the winding-up petitions did not preserve the pre-existing lower threshold. The proviso to Section 434 of the Companies Act, 2013 was read as making the transferred matters subject to the Code as then applicable, and Section 6 of the General Clauses Act was held inapplicable because the amending scheme showed a different intention. The coordinate decision in Falcon Industries was followed. en-us Mon, 25 May 2026 00:00:00 +0530 Tue, 26 May 2026 11:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792323 Transferred winding-up petitions were to be treated as applications for commencement of corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016, and their maintainability depended on the threshold in force when the Tribunal considered them. The earlier filing date of the winding-up petitions did not preserve the pre-existing lower threshold. The proviso to Section 434 of the Companies Act, 2013 was read as making the transferred matters subject to the Code as then applicable, and Section 6 of the General Clauses Act was held inapplicable because the amending scheme showed a different intention. The coordinate decision in Falcon Industries was followed. Case-Laws IBC Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792323