Section 60(5) of IBC 2016 is a provision with a non-obstante clause: HC

Dyna Roof Private Ltd. And Anr. Vs Purshottam Gaggar and 4 Ors. (Gauhati High Court) A further issue is raised is that the application made by the R1-RP before the NCLT was under section 60(5) of the IBC of 2016. Section 60(5) of the IBC of 2016 is extracted below:- “Notwithstanding anything to the contrary contained in any other law for the time being in force, the National Company Law Tribunal shall have jurisdiction to entertain or dispose of- (a) any application or proceeding by or against the corporate debtor or corporate person; (b) any claim made by or against the corporate debtor or...