Section 63
Civil court not to have jurisdiction.
The Insolvency and Bankruptcy Code, 2016.
About this Act
An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
No civil court or authority shall have jurisdiction to
entertain any suit or proceedings in respect of any matter on which National Company Law Tribunal or
the National Company Law Appellate Tribunal has jurisdiction under this Code.