Transfer of winding up proceedings from Company Court to NCLT can be ordered at the instance of creditor who is not a party: Supreme Court

Though a winding-up proceeding might have been initiated by one or more creditors, but by a deeming fiction the petition is treated as a joint petition to which the entire body of creditors is a party
Transfer of winding up proceedings from Company Court to NCLT can be ordered at the instance of creditor who is not a party: Supreme Court
AS Bopanna, CJI Bobde and V Ramasubramanian

Transfer of winding up proceedings of company from a High Court (Company Court) to National Company Law Tribunal (NCLT) can be ordered at the instance of a creditor who is not a party to the proceeding, the Supreme Court ruled on Thursday (Kaledonia Jute and Fibres Pvt. Ltd. v. Axis Nirman and Industries Ltd).

Subscribe now to get unlimited access

We're glad you're enjoying Bar and Bench - Indian Legal news . Login and subscribe to continue reading this story.

Already a user? Login

Related Stories

Bar and Bench - Indian Legal news
www.barandbench.com