The residuary jurisdiction of the NCLT under Section 60(5)(c) of the IBC cannot be invoked if the termination of a contract is based on grounds unrelated to the insolvency of the Corporate Debtor – Tata Consultancy Services Ltd. Vs. Vishal Ghisulal Jain, RP, SK Wheels Pvt. Ltd. – Supreme Court

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Claim filing timeline is only directory and not mandatory, it cannot mean that the directory provision of the Code can be used to contravene or defeat the very objective of the Code itself – RD Fan Limited Vs. Soumitra Lahiri (RP of Vista Mining Private Limited) – NCLT Kolkata Bench

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