The case involves Pravin Electricals Pvt Ltd (Operational Creditor) versus Aamby Valley Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The court observed that only one set of hard copies of the petition was on record and directed the petitioner to provide a second set before the next hearing.
Pravin Electricals Pvt Ltd initiated a case against Aamby Valley Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the advocate for Aamby Valley Limited referred to a Supreme Court order dated 07.12.2018, which stated that no court in the country should entertain petitions pertaining to Aamby Valley City. The court noted that only one set of hard copies of the petition was on record and directed Pravin Electricals to provide a second set. The relevance of the Supreme Court order is that it directly impacts the jurisdiction of the NCLT to hear the petition against Aamby Valley Limited.
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The Hon'ble Supreme Court issued an order…
The NCLT, Mumbai Bench, adjourned the…
The case involves Pravin Electricals Pvt Ltd (Operational Creditor) versus Aamby Valley Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The court observed that only one set of hard copies of the petition was on record and directed the petitioner to provide a second set before the next hearing.
Pravin Electricals Pvt Ltd initiated a case against Aamby Valley Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016. During the proceedings, the advocate for Aamby Valley Limited referred to a Supreme Court order dated 07.12.2018, which stated that no court in the country should entertain petitions pertaining to Aamby Valley City. The court noted that only one set of hard copies of the petition was on record and directed Pravin Electricals to provide a second set. The relevance of the Supreme Court order is that it directly impacts the jurisdiction of the NCLT to hear the petition against Aamby Valley Limited.
The Hon'ble Supreme Court issued an order…
The NCLT, Mumbai Bench, adjourned the…