Jaipur Metals & Electricals employees organisation through gen. sec Vs Jaipur Metals & Electricals Ltd (Civil Appeal no. 12023 of 2018)

In this particular case, Jaipur Metals & Electricals employees organisation through gen. sec Vs Jaipur Metals & Electricals Ltd (Civil Appeal no. 12023 of 2018) the Hon'ble Supreme Court held that, while the present case concerned Rule 5(2) in which cases will continue to be dealt with by the High Court, where the advice was forwarded to the High Court by the Board for Industrial and Financial Reconstruction on the winding-up of a business, it was argued that Rule 5(2) was replaced on 29 June 2017 as a re-establishment of privileges and as a result, it is unnecessary to continue to apply Rule 5(2) even after June 29, 2017. 

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