An appeal was filed challenging the dismissal of an application by the appellants (claiming to be majority shareholders) to be impleaded in a Section 7 petition under the I&B Code, 2016, filed by a financial creditor (M/s. Mysore Mercantile Company Ltd.) against M/s. Vistara Media Private Limited. The appeal was filed with a 15-day delay, for which an application for condonation was pending.
An appeal was filed challenging an order dismissing the appellant's application to implead themselves in a petition under Section 7 of the I & B Code, 2016.
The appellant claims himself to be a majority shareholder of M/s. Vistara Media Private Limited.
The financial creditor (M/s. Mysore Mercantile Company Ltd.) is stated to be a minority shareholder.
The appeal was filed with a delay of 15 days.
IA No.924/2026 was taken out for condonation of this delay.
The matter was heard and reserved for orders on 31.08.2026.
The appellant filed a memo dated 05.09.2026.
The memo stated that the main CP(IB) No.21/BB/2025, which was filed under Section 7 of the I & B Code, 2016, was withdrawn.
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The matter regarding IA No.924/2026 (for…
The appellant filed a memo stating that the…
An appeal was filed challenging the dismissal of an application by the appellants (claiming to be majority shareholders) to be impleaded in a Section 7 petition under the I&B Code, 2016, filed by a financial creditor (M/s. Mysore Mercantile Company Ltd.) against M/s. Vistara Media Private Limited. The appeal was filed with a 15-day delay, for which an application for condonation was pending.
An appeal was filed challenging an order dismissing the appellant's application to implead themselves in a petition under Section 7 of the I & B Code, 2016.
The appellant claims himself to be a majority shareholder of M/s. Vistara Media Private Limited.
The financial creditor (M/s. Mysore Mercantile Company Ltd.) is stated to be a minority shareholder.
The appeal was filed with a delay of 15 days.
IA No.924/2026 was taken out for condonation of this delay.
The matter was heard and reserved for orders on 31.08.2026.
The appellant filed a memo dated 05.09.2026.
The memo stated that the main CP(IB) No.21/BB/2025, which was filed under Section 7 of the I & B Code, 2016, was withdrawn.
The matter regarding IA No.924/2026 (for…
The appellant filed a memo stating that the…