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.
Delhi High Court - IBC
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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