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 called absent and the matter was decided ex parte.
M/s. Aurora Accessories Pvt. Ltd. filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd. Mr. D. Gogoi appeared as the learned counsel for the Operational Creditor. Mr. P. Kataki, learned counsel, appeared for the Corporate Debtor and filed the Vakalatnama, but no Board Resolution supporting the Vakalatnama was filed. The Corporate Debtor was initially directed to appear on 18.07.2019. However, the case was preponed to 11.07.2019, and the Corporate Debtor was called absent and the case was decided ex parte on that day. The court found that this preponement and ex parte decision could cause injustice to the Corporate Debtor.
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The case was preponed,…
The Corporate Debtor…
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 called absent and the matter was decided ex parte.
M/s. Aurora Accessories Pvt. Ltd. filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Ace Acoustics & Audio Video Solutions Pvt. Ltd. Mr. D. Gogoi appeared as the learned counsel for the Operational Creditor. Mr. P. Kataki, learned counsel, appeared for the Corporate Debtor and filed the Vakalatnama, but no Board Resolution supporting the Vakalatnama was filed. The Corporate Debtor was initially directed to appear on 18.07.2019. However, the case was preponed to 11.07.2019, and the Corporate Debtor was called absent and the case was decided ex parte on that day. The court found that this preponement and ex parte decision could cause injustice to the Corporate Debtor.
The case was preponed,…
The Corporate Debtor…