2025 (9) TMI 1475

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....einafter referred to as "1956 Act"] seeking the winding up of the Respondent Company - Vigneshwara Developwell Pvt. Ltd., on the grounds of its inability to pay its debts to the Petitioner(s). 2. The matter has been pending adjudication before this Court. Pursuant thereto, an Application has filed in Company Petition No. 885/2015 seeking transfer of the matter to the National Company Law Tribunal [hereinafter referred to "NCLT"], Delhi Bench. 3. By a Judgment dated 12.09.2025 passed in Company Petition No. 885/2015. Company Petition No. 885/2015 has been transferred to the NCLT. 4. Section 434(1)(c) of the Companies Act, 2013 [hereinafter referred to as the "2013 Act"] provides that all proceedings under the 1956 Act shall stand tr....

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....proceedings under the Companies Act, 1956 (1 of 1956), including proceedings relating to arbitration, compromise, arrangements and reconstruction and winding up of companies, pending immediately before such date before any District Court or High Court, shall stand transferred to the Tribunal and the Tribunal may proceed to deal with such proceedings from the stage before their transfer: Provided that only such proceedings relating to the winding up of companies shall be transferred to the Tribunal that are at a stage as may be prescribed by the Central Government: Provided further that only such proceedings relating to cases other than winding up, for which orders for allowing or otherwise of the proceedings are not reserv....