The case involves a company petition filed by an operational creditor, Fast Track Consultants, against AKR Infrastructure Ltd, the corporate debtor. The National Company Law Tribunal (NCLT) Chennai Division Bench was hearing the matter. The operational creditor was asked to provide material to support the admission of the company petition. The bench noted that the corporate debtor had not been filing annual returns since 2013 and had been shut down for the last five years.
Fast Track Consultants filed a company petition against AKR Infrastructure Ltd. The NCLT Chennai Division Bench was hearing the case. The operational creditor, Fast Track Consultants, was asked to provide material to support the admission of the company petition. The NCLT noted that the only material on record was copies of invoices and a Section 8 notice, which appeared to have been hand-delivered. The operational creditor failed to demonstrate any other correspondence, such as postal or email communication. The NCLT also observed that AKR Infrastructure Ltd had not been filing annual returns since September 13, 2013, and had been shut down for the past five years. The corporate debtor did not raise any objections to the submissions made by the practicing Company
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AKR Infrastructure Ltd…
Bench asked the Operational Creditor side for…
The case involves a company petition filed by an operational creditor, Fast Track Consultants, against AKR Infrastructure Ltd, the corporate debtor. The National Company Law Tribunal (NCLT) Chennai Division Bench was hearing the matter. The operational creditor was asked to provide material to support the admission of the company petition. The bench noted that the corporate debtor had not been filing annual returns since 2013 and had been shut down for the last five years.
Fast Track Consultants filed a company petition against AKR Infrastructure Ltd. The NCLT Chennai Division Bench was hearing the case. The operational creditor, Fast Track Consultants, was asked to provide material to support the admission of the company petition. The NCLT noted that the only material on record was copies of invoices and a Section 8 notice, which appeared to have been hand-delivered. The operational creditor failed to demonstrate any other correspondence, such as postal or email communication. The NCLT also observed that AKR Infrastructure Ltd had not been filing annual returns since September 13, 2013, and had been shut down for the past five years. The corporate debtor did not raise any objections to the submissions made by the practicing Company
…AKR Infrastructure Ltd…
Bench asked the Operational Creditor side for…