In the Matter of :M/S. Sourabh Gilts and Securities Ltd-and- v. in the Matter of : M/S. Ratika Finlease Pvt. Ltd.
Calcutta HCCP/10/2013
Case brief
AI extract
What is this about?
The High Court, on the status report that all company assets were sold by secured creditors prior to liquidation, held it lacked jurisdiction to entertain the matter. Citing the Companies Act, 2013 and Supreme Court precedents, the Court transferred the proceeding to the NCLT.
What did the court decide?
CP/10/2013 and connected applications transferred to the National Company Law Tribunal, Kolkata.