The matter was brought before the Bench for consideration. The counsel for the petitioner requested an adjournment on January 11, 2019, and again on January 15, 2019, to file additional documents. On February 1, 2019, the court directed that notice be issued to the Corporate Debtor via all modes. The petitioner did not take any steps. An indulgence was granted on February 18, 2019, but the petitioner still failed to act. Another adjournment request was made on March 16, 2019. The petitioner changed counsel but still took no steps. The petitioner has been granted various opportunities through their counsel present in court. A fresh prayer is made to effect service in terms of previous orders.
The case involves M/s. BSA Polycontainer Pvt. Ltd. V/s. M/s. Advance Surfactants India Ltd. The matter was initially presented on January 11, 2019, and the petitioner's counsel requested multiple adjournments to file additional documents. Despite the court's order on February 1, 2019, to issue notice to the Corporate Debtor, the petitioner failed to take any steps. The court granted an indulgence on February 18, 2019, but the petitioner still did not act. Another adjournment was requested on March 16, 2019. The petitioner changed counsel but continued to take no action. The court noted that the IBC mandates a two-week disposal timeframe, and the petitioner's inaction warranted dismissal for non-prosecution. The court granted one final opportunity, contingent on a
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The matter was brought before the Bench for consideration. The counsel for the petitioner requested an adjournment on January 11, 2019, and again on January 15, 2019, to file additional documents. On February 1, 2019, the court directed that notice be issued to the Corporate Debtor via all modes. The petitioner did not take any steps. An indulgence was granted on February 18, 2019, but the petitioner still failed to act. Another adjournment request was made on March 16, 2019. The petitioner changed counsel but still took no steps. The petitioner has been granted various opportunities through their counsel present in court. A fresh prayer is made to effect service in terms of previous orders.
The case involves M/s. BSA Polycontainer Pvt. Ltd. V/s. M/s. Advance Surfactants India Ltd. The matter was initially presented on January 11, 2019, and the petitioner's counsel requested multiple adjournments to file additional documents. Despite the court's order on February 1, 2019, to issue notice to the Corporate Debtor, the petitioner failed to take any steps. The court granted an indulgence on February 18, 2019, but the petitioner still did not act. Another adjournment was requested on March 16, 2019. The petitioner changed counsel but continued to take no action. The court noted that the IBC mandates a two-week disposal timeframe, and the petitioner's inaction warranted dismissal for non-prosecution. The court granted one final opportunity, contingent on a
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Ld. Counsel prayed for…