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Section 60(1) IBC does not confer exclusive jurisdiction on NCLT for insolvency proceedings: Madras High Court

Published: May 10, 2023

If the IRP of the personal guarantor was completed and bankruptcy proceedings had been initiated before the DRT, no useful purpose would be served by transferring the proceedings to the NCLT, the Court held.

Source: barandbench.com

Related Topics:

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