The case involves an application under Section 9 of the Insolvency & Bankruptcy Code, 2016. M/s. Aurora Accessories Pvt. Ltd., the Operational Creditor, filed a petition against M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was initially directed to appear on 18.07.2019, but the case was preponed to 11.07.2019, on which date the Corporate Debtor was marked absent and the matter was decided ex parte.
M/s. Aurora Accessories Pvt. Ltd. filed a petition against M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Corporate Debtor, M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd., was initially directed to appear on 18.07.2019. The case was preponed to 11.07.2019, and the Corporate Debtor was marked absent, leading to an ex parte decision. The Corporate Debtor's counsel appeared and submitted that notice was served for the 18.07.2019 hearing. The court found that proceeding with the 11.07.2019 hearing would be unjust to the Corporate Debtor. The Corporate Debtor's counsel was directed to file a Board Resolution and reply affidavit by 26.07.2019, and the Operational Creditor was required to
…Sign in to view the parties.
The Corporate Debtor…
The Corporate Debtor…
Sign in to view related legal provisions.
The case involves an application under Section 9 of the Insolvency & Bankruptcy Code, 2016. M/s. Aurora Accessories Pvt. Ltd., the Operational Creditor, filed a petition against M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd., the Corporate Debtor. The Corporate Debtor was initially directed to appear on 18.07.2019, but the case was preponed to 11.07.2019, on which date the Corporate Debtor was marked absent and the matter was decided ex parte.
M/s. Aurora Accessories Pvt. Ltd. filed a petition against M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The Corporate Debtor, M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd., was initially directed to appear on 18.07.2019. The case was preponed to 11.07.2019, and the Corporate Debtor was marked absent, leading to an ex parte decision. The Corporate Debtor's counsel appeared and submitted that notice was served for the 18.07.2019 hearing. The court found that proceeding with the 11.07.2019 hearing would be unjust to the Corporate Debtor. The Corporate Debtor's counsel was directed to file a Board Resolution and reply affidavit by 26.07.2019, and the Operational Creditor was required to
…The Corporate Debtor…
The Corporate Debtor…
Sign in to view related legal provisions.