2018 (5) TMI 2124 - Tri - Insolvency and Bankruptcy

Territorial jurisdiction - Maintainability of petition - availability of alternative remedy of appeal - HELD THAT - The territorial jurisdiction over this matter is with the NCLT-Adjudicating Authority Chandigarh. Let this petition be filed before the jurisdictional Bench. The petitioner is relegated to the remedy available. The petition stands disposed of with liberty to file before jurisdictional bench, i.e. NCLT-Adjudicatory Authority Chandigarh.

Summary

The judgment states that the territorial jurisdiction lies with the NCLT-Adjudicating Authority Chandigarh. The petitioner is directed to file the petition before the jurisdictional bench in Chandigarh.