Registrar, NCLT cannot determine the applicability of Notification on increased IBC threshold: Delhi High Court

The question of jurisdiction has to be judicially determined by the appropriate NCLT Bench, the Court has said.
Registrar, NCLT cannot determine the applicability of Notification on increased IBC threshold: Delhi High Court
Delhi High Court - IBC

The Delhi High Court has ruled that the issue of applicability of the March 24 Notification, which has increased the pecuniary threshold under Insolvency & Bankruptcy Code to Rs 1 crore, to a particular case cannot be determined by the Registrar of NCLT in his administrative capacity. (Skillstech Services Pvt Ltd vs Registrar, NCLT, New Delhi & Anr)

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