The Civil Revision Petition was filed by the petitioner-Corporate Debtor under Article 227 of the Constitution of India, challenging the order passed in IBA/49/2019 by the National Company Law Tribunal, Division Bench-II, Chennai. The court raised a query regarding the maintainability of the Civil Revision Petition, given the availability of remedy before the National Company Law Appellate Tribunal under Section 61 of the Insolvency and Bankruptcy Code, 2016.
G.Rathinavelu, the petitioner-Corporate Debtor, filed a Civil Revision Petition challenging the order passed in IBA/49/2019 by the National Company Law Tribunal (NCLT), Division Bench-II, Chennai. The Indian Overseas Bank is the respondent in this case. The petitioner filed the petition under Article 227 of the Constitution of India. The court raised a query regarding the maintainability of the petition, noting that Section 61 of the Insolvency and Bankruptcy Code (IBC) provides a remedy before the National Company Law Appellate Tribunal (NCLAT). The petitioner argued that the High Court's jurisdiction under Articles 226/227 cannot be wholly excluded and that the decisions of the Tribunal will be subject to the jurisdiction of the High Courts under Articles 226/227.
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The Civil Revision Petition was filed by the petitioner-Corporate Debtor under Article 227 of the Constitution of India, challenging the order passed in IBA/49/2019 by the National Company Law Tribunal, Division Bench-II, Chennai. The court raised a query regarding the maintainability of the Civil Revision Petition, given the availability of remedy before the National Company Law Appellate Tribunal under Section 61 of the Insolvency and Bankruptcy Code, 2016.
G.Rathinavelu, the petitioner-Corporate Debtor, filed a Civil Revision Petition challenging the order passed in IBA/49/2019 by the National Company Law Tribunal (NCLT), Division Bench-II, Chennai. The Indian Overseas Bank is the respondent in this case. The petitioner filed the petition under Article 227 of the Constitution of India. The court raised a query regarding the maintainability of the petition, noting that Section 61 of the Insolvency and Bankruptcy Code (IBC) provides a remedy before the National Company Law Appellate Tribunal (NCLAT). The petitioner argued that the High Court's jurisdiction under Articles 226/227 cannot be wholly excluded and that the decisions of the Tribunal will be subject to the jurisdiction of the High Courts under Articles 226/227.
…The date of the order…
Order passed by the National Company Law…