Informative

IBC Provisions Prevail Over Kolkata Municipal Corporation Act: NCLT Mumbai

Update / Judgement Date

06 Aug 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceInsolvency & Bankruptcy Code

The NCLT Mumbai ruled that the provisions of the Insolvency and Bankruptcy Code (IBC) prevail over the Kolkata Municipal Corporation Act. This decision affirms the supremacy of IBC in insolvency proceedings, ensuring that municipal laws do not impede the resolution process. The ruling underscores the need for consistency in applying IBC provisions across different jurisdictions.

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IBC Provisions Prevail Over Kolkata Municipal Corporation Act: NCLT Mumbai

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