HC Transfer Winding-up proceedings to NCLT to avoid Multiplicity of Litigation

Lalitaben Govindbhai Patel Vs Gujarat State Financial Corporation (Gujarat High Court) The present litigation on the board of this Court in the form of Special Civil Application No.11116 of 2008 and Letters Patent Appeal No.2480 of 2010 has arisen on account of sheer misconception on the part of the writ petitioners and writ appellants in the Letters Patent Appeal, that such complicated and complex questions of facts regarding financial liability of Creditors viz-a-viz the statutory action of the financial institutions under the Special Laws like State Financial Corporation Act, 1951, etc. can...