When can NCLT exercise residuary jurisdiction under Section 60(5)(c) IBC to adjudicate contractual dispute? Supreme Court answers

A Bench of Justices DY Chandrachud and AS Bopanna placed reliance on the Supreme Court judgment in Gujarat Urja Vikas vs. Amit Gupta to hold that the NCLT’s jurisdiction is not limited by Section 14 of the IBC.
When can NCLT exercise residuary jurisdiction under Section 60(5)(c) IBC to adjudicate contractual dispute? Supreme Court answers
Supreme Court and IBC

The Supreme Court has reiterated that the National Company Law Tribunal (NCLT) can exercise its residuary jurisdiction under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC) to adjudicate contractual disputes between parties. provided such dispute has arisen in relation to the insolvency of the corporate debtor (TATA Consultancy Services Limited v. Vishal Ghisulal Jain, Resolution Professional, SK Wheels Private Limited).

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