{"id":620516,"date":"2023-12-02T09:11:14","date_gmt":"2023-12-02T03:41:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=620516"},"modified":"2023-12-02T09:53:38","modified_gmt":"2023-12-02T04:23:38","slug":"nclt-has-power-to-decide-ibc-disputes-not-hc-go-first-rp-to-delhi-hc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-has-power-to-decide-ibc-disputes-not-hc-go-first-rp-to-delhi-hc\/","title":{"rendered":"NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC"},"content":{"rendered":"<p>Go First Resolution Professional on Thursday said the National Company Law Tribunal (NCLT) has the power to decide disputes related to the Insolvency and Bankruptcy Code (IBC), 2016, and not the Delhi High Court. <\/p>\n<p>&#8220;If IBC is to succeed in this country, there has to be one unified forum to extract the economic value, for the maximisation of value and for successful resolution of insolvency,&#8221; Senior Advocate Neeraj Kishan Kaul, appearing for the RP, told Justice Tara Vitasta Ganju. <\/p>\n<p>&#8220;You can&#8217;t have it scattered and spread over various tribunals to avoid conflict,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Go First Resolution Professional on Thursday said the National Company Law Tribunal (NCLT) has the power to decide disputes related to the Insolvency and Bankruptcy Code (IBC), 2016, and not the Delhi High Court. &#8220;If IBC is to succeed in this country, there has to be one unified forum to extract the economic value, for the maximisation of value and for successful resolution of insolvency,&#8221; Senior Advocate Neeraj Kishan Kaul, appearing for the RP, told Justice Tara Vitasta Ganju. &#8220;You can&#8217;t have it scattered and spread over various tribunals to avoid conflict,&#8221; he added.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-620516","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=620516"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/620516\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=620516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=620516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=620516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}