The case involves a dispute before the National Company Law Tribunal (NCLT), Mumbai Bench, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was granted an opportunity to file a reply, subject to payment of Rs. 10,000 as costs to be paid into the Prime Minister's National Relief Fund. The Corporate Debtor's counsel stated they would not file a reply but had brought a cheque for deposit.
Oswal Valves Pvt Ltd initiated proceedings against Aditya Vidyut Appliances Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT, Mumbai Bench, ordered the Corporate Debtor, Aditya Vidyut Appliances Ltd, to pay Rs. 10,000 as costs into the Prime Minister's National Relief Fund for the opportunity to file a reply. The Corporate Debtor's counsel stated they would not file a reply but had the cheque for deposit. The NCLT then directed the Corporate Debtor to immediately deposit the cost amount and file an affidavit of payment within three days. Both parties were directed to file hard and soft copies of written submissions by 2019-04-01.
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C.P. No.(IB)2802(MB)/201…
The NCLT granted the Corporate Debtor an…
The case involves a dispute before the National Company Law Tribunal (NCLT), Mumbai Bench, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor was granted an opportunity to file a reply, subject to payment of Rs. 10,000 as costs to be paid into the Prime Minister's National Relief Fund. The Corporate Debtor's counsel stated they would not file a reply but had brought a cheque for deposit.
Oswal Valves Pvt Ltd initiated proceedings against Aditya Vidyut Appliances Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. The NCLT, Mumbai Bench, ordered the Corporate Debtor, Aditya Vidyut Appliances Ltd, to pay Rs. 10,000 as costs into the Prime Minister's National Relief Fund for the opportunity to file a reply. The Corporate Debtor's counsel stated they would not file a reply but had the cheque for deposit. The NCLT then directed the Corporate Debtor to immediately deposit the cost amount and file an affidavit of payment within three days. Both parties were directed to file hard and soft copies of written submissions by 2019-04-01.
C.P. No.(IB)2802(MB)/201…
The NCLT granted the Corporate Debtor an…