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Corporate insolvency resolution process - whether the Company ...


Company Court Can't Halt NCLT Proceedings When Creditor Petition Admitted Without Provisional Liquidator Appointment.

January 10, 2018

Case Laws     Insolvency and Bankruptcy     HC

Corporate insolvency resolution process - whether the Company Court has any jurisdiction to stay the proceedings filed by a Corporate Debtor before NCLT even though a previously instituted company petition by a creditor may have been admitted (and therefore does not get transferred to NCLT) but where a provisional liquidator has not been appointed? - there is no bar on NCLT, Ahmedabad from proceeding with IBC application. - HC

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