The case involves an application/petition by Corporation Bank against Ansal API Infrastructure Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The court had previously granted ten days to file a reply, but no reply was filed even after 32 days.
Corporation Bank filed an application/petition against Ansal API Infrastructure Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. On 2018-11-29, the court granted ten days to Ansal API Infrastructure Ltd. to file a reply. However, more than 32 days passed without a reply being filed. The court, emphasizing the time-bound nature of the IBC process, granted one final week to file a reply, subject to payment of Rs. 10,000 as cost to Corporation Bank. The reply must be furnished to the petitioner within two days in advance. The case was listed for arguments on 2019-01-25.
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The court granted ten…
More than 32 days…
The case involves an application/petition by Corporation Bank against Ansal API Infrastructure Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The court had previously granted ten days to file a reply, but no reply was filed even after 32 days.
Corporation Bank filed an application/petition against Ansal API Infrastructure Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. On 2018-11-29, the court granted ten days to Ansal API Infrastructure Ltd. to file a reply. However, more than 32 days passed without a reply being filed. The court, emphasizing the time-bound nature of the IBC process, granted one final week to file a reply, subject to payment of Rs. 10,000 as cost to Corporation Bank. The reply must be furnished to the petitioner within two days in advance. The case was listed for arguments on 2019-01-25.
The court granted ten…
More than 32 days…