Jotun India Private Limited Vs PSL Limited (Company Application No. 572 of 2017)

In this case, Jotun India Private Limited Vs PSL Limited (Company Application No. 572 of 2017), The Hon'ble Bombay High Court had held that, after a petition has been submitted by the claimant to the respondent company as provided under Rule 26 of the Companies (Court) Rules read with Rule 5 of the 2016 Transfer Rules, the High Court will be seized of the matter and that the matter cannot be moved to the NCLT. 

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