Conditions to exercise residuary jurisdiction under Section 60(5)(c) of IBC to adjudicate upon the contractual dispute between the parties – Ms. Vineeta Maheshwari RP of M/s Aaj ka Anand Paper Ltd. Vs. M/s Kwality Catering Services & Ors. – NCLT Mumbai Bench
July 20, 2023
In this important judgment, NCLT Mumbai Bench points out five major conditions to exercise residuary jurisdiction under Section 60(5)(c) of IBC to adjudicate upon the contractual dispute between the parties.