NCLT cannot exercise jurisdiction over matters dehors insolvency proceedings: NCLAT Delhi

Sumati Suresh Hegde & Ors. Vs Anand Sonbhadra (NCLAT Delhi) NCLAT Delhi held that application under Section 60(5) of the Insolvency and Bankruptcy Code is only maintainable if the issue involved is related to insolvency resolution process. Also held that the NCLT cannot exercise its jurisdiction over matters dehors the insolvency proceedings. Facts- This appeal is directed against the order dated 05.04.2024, passed by the National Company Law Tribunal by which an application under Section 60(5) read with Section 25(2)(a) of the Insolvency and Bankruptcy Code, 2026 by the Resolution Profess...