Institution and/or continuation of proceedings under Foreign Trade (Development & Regulation) Act, 1992 and Rules thereunder against companies/firms against whom proceedings have been instituted in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016

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....ment of India Ministry of Commerce and Industry Directorate General of Foreign Trade Udyog Bhawan, New Delhi-110011 Dated: 20^th March 2020 EC-A Circular No.32/2015-20 To All Regional Authorities/SEZs Subject: Institution and/or continuation of proceedings under Foreign Trade (Development & Regulation) Act, 1992 and Rules thereunder against companies/firms against whom proc....

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....the Adjudicating Authority'. (ii)  Section 35(1)(k) which states that 35.(1) "Subject to the directions of the Adjudicating Authority, the liquidator shall have the following powers and duties, namely:- (k) to institute or defend any suit, prosecution or other legal proceedings, civil or criminal, in the name of on behalf of the corporate debtor" 3.  The....