The Petitioner, Skillstech Services Private Limited, filed a petition seeking the listing of its petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, before the appropriate bench of the National Company Law Tribunal (NCLT). The Registrar of the NCLT had failed to list the Petitioner's matter, citing an amendment to the pecuniary jurisdiction of the NCLT, which increased from Rs. 1 lakh to Rs. 1 crore, effective from November 24, 2020.
Skillstech Services Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to have its petition listed before the appropriate bench of the NCLT. The NCLT Registrar did not list the matter, citing a notification dated November 24, 2020, which increased the pecuniary jurisdiction of the NCLT from Rs. 1 lakh to Rs. 1 crore. The Petitioner argued that the Registrar cannot decide on the pecuniary jurisdiction; it must be determined by a bench of the NCLT. The NCLT, Kochi, in M/s Tharakan Web Innovations Pvt. Ltd. v. Cyriac Njavally, held that the notification might not apply retrospectively if disputes arose before the pandemic. The Kerala High Court stayed the judgment of the NCLT, Kochi Bench. The key fact is the dispute over
…Sign in to view the parties.
Notification amending the pecuniary…
The High Court directs the NCLT Registrar to…
Sign in to view related legal provisions.
The Petitioner, Skillstech Services Private Limited, filed a petition seeking the listing of its petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, before the appropriate bench of the National Company Law Tribunal (NCLT). The Registrar of the NCLT had failed to list the Petitioner's matter, citing an amendment to the pecuniary jurisdiction of the NCLT, which increased from Rs. 1 lakh to Rs. 1 crore, effective from November 24, 2020.
Skillstech Services Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to have its petition listed before the appropriate bench of the NCLT. The NCLT Registrar did not list the matter, citing a notification dated November 24, 2020, which increased the pecuniary jurisdiction of the NCLT from Rs. 1 lakh to Rs. 1 crore. The Petitioner argued that the Registrar cannot decide on the pecuniary jurisdiction; it must be determined by a bench of the NCLT. The NCLT, Kochi, in M/s Tharakan Web Innovations Pvt. Ltd. v. Cyriac Njavally, held that the notification might not apply retrospectively if disputes arose before the pandemic. The Kerala High Court stayed the judgment of the NCLT, Kochi Bench. The key fact is the dispute over
…Notification amending the pecuniary…
The High Court directs the NCLT Registrar to…
Sign in to view related legal provisions.