Section 60(5) vests residuary jurisdiction on NCLT to intervene in certain circumstances

Hemant Mehta Vs Asst. Commissioner of State Tax (NCLAT Delhi) Held that the residuary jurisdiction of the NCLT under Section 60(5) (c) of the IBC provides it a wide jurisdiction and can be exercised as long as the matter is not dehors the insolvency proceedings. Facts- The present appeal, filed u/s. 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the Appellant arises out of the order dated 31.01.2022 (Impugned Order). In the impugned order, the Adjudicating Authority while disposing of the said I.A., directed the Appellant/Liquidator to take up with the relevant government authorities ...