Delhi HC Transfers Winding-Up Petition to NCLT Under Companies Act

Trigo Imagement Slovakia Vs Madhusudan Auto Limited (Delhi High Court) In a recent ruling, the Delhi High Court transferred a winding-up petition, filed by Trigo Imagement Slovakia against Madhusudan Auto Limited, to the National Company Law Tribunal (NCLT). The decision follows a trend of judicial deference to the NCLT for such matters, particularly in cases that are still in a preliminary stage. The petition, filed under Section 433(1)(e) of the Companies Act, 1956, had been pending before the High Court but had not progressed to an advanced stage. The court noted that no substantive orders ...