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1 - 10 of 18 (2.13 seconds)Article 226 in Constitution of India [Constitution]
Section 1 in The Mines And Minerals (Development And Regulation) Act, 1957 [Entire Act]
Section 5 in The Mines And Minerals (Development And Regulation) Act, 1957 [Entire Act]
The Mines And Minerals (Development And Regulation) Act, 1957
The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002
Section 2 in The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 [Entire Act]
Section 5 in The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 [Entire Act]
Ghanashyam Mishra And Sons Private ... vs Edelweiss Asset Reconstruction ... on 13 April, 2021
3. Petitioner would submit that it is true that an appeal is
provided against Ext.P6 order before the National Company Law
Appellate Tribunal (hereinafter referred to as "NCLAT"), but the
availability of an alternate remedy itself will not bar the jurisdiction of this
Court in proceeding under Article 226 of the Constitution of India in as
much as the petitioner has raised a question of jurisdiction of the NCLT
to entertain Ext.P1 company petition and to issue Ext.P6 order since
going by IB Code, 2016, DRT is the adjudicating authority. Petitioner
relies on the judgment of the Apex Court in Ghanshyam Mishra &
Sons (P) Ltd. v. Edelweiss Asset Reconstruction Co. Ltd., (2021) 9
SCC 657 and Embassy Property Developments Private Limited v.
State of Karnataka and others, (2020) 13 SCC 308 and contended
W.P(C) Nos.14220 of 2024 and 29578,
29909, 29918 & 29945 of 2025 16
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that an alternate remedy will not be a reason for not exercising
jurisdiction by the High Court under Article 226 of the Constitution of
India when the issue relates to enforcement of the fundamental right,
violation of the principles of natural justice, the proceedings challenged
are without jurisdiction or in cases where the validity of a statute is
challenged. Based on the judgments cited supra it is the further
contention of the learned counsel for the petitioner that since the
proceedings have been challenged for the reason that NCLT has no
jurisdiction to entertain such a petition and to issue an order in the
nature of Ext.P6, the writ petition is perfectly maintainable before this
Court.
M/S Embassy Property Developments Pvt. ... vs The State Of Karnataka on 3 December, 2019
Yet another aspect to be noted in these cases is that Ext.P1
company petition was filed as early as in 2023, the petitioner entered
appearance and filed Ext.P2 counter affidavit and in Ext.P2 counter
affidavit, the only objection raised is regarding the plea of limitation in
initiating the proceedings and the present contention raised in this writ
W.P(C) Nos.14220 of 2024 and 29578,
29909, 29918 & 29945 of 2025 39
2025:KER:67928
petition was never raised before the NCLT. Further, Ext.P4 preliminary
order was passed by the Tribunal on 22.03.2024, whereby a resolution
professional was appointed. Though the said order was challenged in
W.P.(C) No.14220 of 2024, the only contention raised in the said writ
petition was regarding the plea of limitation and the competency of the
NCLT in considering the company petition was not taken up as a
ground. Further, no interim order was granted by this Court in W.P.(C)
No.14220 of 2024. Now, only when Ext.P6 order was issued on
08.07.2025, almost two years after the filing of the company petition,
that the plea of lack of jurisdiction of the NCLT in entertaining the
company petition was first raised. I am of the view that there is delay
and laches on the part of the petitioners in bringing to the notice of the
Tribunal or this Court regarding the lack of jurisdiction of the NCLT in
entertaining Ext.P1. Further, I have already held that the NCLT has
jurisdiction to entertain an application for insolvency proceedings
against the personal guarantor of a corporate debtor. I am of the view
that Ext.P1 company petition filed before the NCLT is perfectly
maintainable and the NCLT has jurisdiction to entertain the matter since
in the judgements of the Apex Court relied on by the petitioners
including Embassy Property Developments's case cited supra, it is
held that only when there is total inherent lack of jurisdiction to entertain
W.P(C) Nos.14220 of 2024 and 29578,
29909, 29918 & 29945 of 2025 40
2025:KER:67928
an application the writ petition could be maintained, bypassing the
statutory appeal provided as per the statute. Since I have already found
that the NCLT has jurisdiction to entertain Ext.P1 company petition, I am
of the view that the petitioners should be relegated to avail the alternate
remedy available to them as provided in Section 60(1) of the IB Code,
2016 before the NCLAT. Leaving open such right of the petitioners to
challenge the impugned order in appropriate proceedings, these writ
petitions are dismissed. The period during which the writ petitions were
pending consideration before this Court should be excluded while
computing the limitation period for preferring appeal against the orders
impugned in these writ petitions before the NCLAT.