The case involves a company petition before the National Company Law Tribunal (NCLT), Mumbai Bench. The petition, numbered TCP 700/I&BP/NCLT/MB/MAH/2017, concerns the Insolvency & Bankruptcy Code 2016. The matter was transferred from the High Court of Bombay, relating to provisions 433(e) and 434(a) of the Companies Act, 1956. The petitioner/creditor was absent despite multiple opportunities to appear before the court. The court's procedure for intimation involves uploading the cause list on the NCLT site and displaying directions given on hearing. The petitioner's absence was deemed a lack of seriousness in pursuing the petition. A notification dated 29.06.2017 allows parties to file fresh applications under sections 7, 8, or 9 of the Insolvency &

The case involves a company petition before the National Company Law Tribunal (NCLT), Mumbai Bench. The petition, numbered TCP 700/I&BP/NCLT/MB/MAH/2017, concerns the Insolvency & Bankruptcy Code 2016. The matter was transferred from the High Court of Bombay, relating to provisions 433(e) and 434(a) of the Companies Act, 1956. The petitioner/creditor was absent despite multiple opportunities to appear before the court. The court's procedure for intimation involves uploading the cause list on the NCLT site and displaying directions given on hearing. The petitioner's absence was deemed a lack of seriousness in pursuing the petition. A notification dated 29.06.2017 allows parties to file fresh applications under sections 7, 8, or 9 of the Insolvency &