R.A. Kraft Paper Pvt. Ltd. initiated insolvency proceedings against Borkar Colorpacks Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code. The NCLT Mumbai Bench heard the matter on April 9, 2019. The petitioner's representative was present, but the respondent was not represented. The NCLT directed the petitioner to submit the Consent of IRP, evidence of Section 8 notice and proof of service, any reply from the debtor company on receipt of Section 8 notice, any reply by the debtor company on receipt of the main company petition, and a copy of the ledger account of the debtor company in the books of the petitioner/creditor. The case was adjourned to June 19, 2019. The submission of the Consent of IRP is crucial for initiating the insolvency resolution

R.A. Kraft Paper Pvt. Ltd. initiated insolvency proceedings against Borkar Colorpacks Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code. The NCLT Mumbai Bench heard the matter on April 9, 2019. The petitioner's representative was present, but the respondent was not represented. The NCLT directed the petitioner to submit the Consent of IRP, evidence of Section 8 notice and proof of service, any reply from the debtor company on receipt of Section 8 notice, any reply by the debtor company on receipt of the main company petition, and a copy of the ledger account of the debtor company in the books of the petitioner/creditor. The case was adjourned to June 19, 2019. The submission of the Consent of IRP is crucial for initiating the insolvency resolution