Copyright dispute is arising out of or in relation to the insolvency resolution process can be decided only by the NCLT and the jurisdiction of civil court is thus barred – GE Power India Ltd Vs. NHPC Limited – Delhi High Court
Hon’ble High Court held that on consideration of the provisions of Section 60, 63, 231 and 238 of the IBC, this Court in Liberty House Group (supra) following the decision of the Hon’ble Supreme Court’s reported as 2019 Swiss Ribbons Pvt. Ltd. Vs. Union of India, held that the words used in the statute are of vide amplitude and that the IBC was enacted to bring insolvency laws in India under a single unified umbrella with the object of speeding up of the insolvency process by reorganizing insolvency resolution of corporate debtors in a time bound manner and by maximising the value of assets. Therefore, IBC seeks to provide for designated NCLT thereby ousting the jurisdiction of the Civil Court.
