Extent Of NCLT’s Jurisdiction Over Contractual Disputes During CIRP
www.livelaw.in
Even in Gujarat Urja (Supra), the Apex Court has clearly held that NCLT cannot exercise its jurisdiction over matters dehors the insolvency proceedings since such matters would fall outside the realm of IBC. A moratorium (stay) is imposed on all the legal proceedings (pending or future) by virtue of
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- Even in Gujarat Urja (Supra), the Apex Court has clearly held that NCLT cannot exercise its jurisdiction over matters dehors the insolvency proceedings since such matters would fall outside the realm of IBC.
- A moratorium (stay) is imposed on all the legal proceedings (pending or future) by virtue of Section 14 of Insolvency and Bankruptcy Code 2016 ( IBC), when Corporate Insolvency Resolution Process ( CIRP) is initiated against a Corporate Debtor ( CD). In case a third party initiates any action against the CD (in terms of any penalty) the Resolution ...
- any application or proceeding
- any claim made by or against
- any question of priorities or any question of law or facts,
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