Delhi HC Directs Transfer of Corporate Winding-Up Petitions to NCLT

Sh. Alok Kumar Mishra & Ors. Vs Vigneshwara Developwell Pvt. Ltd. & Ors. (Delhi High Court) In a recent order, the Delhi High Court directed the transfer of multiple winding-up petitions against a single company, Vigneshwara Developwell Pvt. Ltd., to the National Company Law Tribunal (NCLT). The petitions, filed under Sections 433(e), 434, and 439 of the Companies Act, 1956, sought to wind up the company due to its alleged inability to pay its debts. The court’s decision was based on an application to transfer one of the petitions and a previous judgment that had already directed...