The case pertains to a petition filed under Sections 433(e) and 434(1)(a) of the Companies Act, 1956, read with the Insolvency and Bankruptcy Code, 2016. The petitioner, International Waterbase Ltd., filed the petition against the respondent, Brandlink Media Communication Pvt. Ltd. The matter was regarding a debt of Rs. 10,58,717/-.
M/s Alakh Advertising & Publicity Pvt. Ltd., filed a petition against Brandlink Media Communication Pvt. Ltd., under Sections 433(e) and 434(1)(a) of the Companies Act, 1956, and the Insolvency and Bankruptcy Code, 2016. The debt amount was stated as Rs. 10,58,717/-. The petitioner failed to appear on multiple occasions, including the last occasion on 07.04.2017 and the adjourned date of 27.06.2017. The court noted a notification dated 29.06.2017, allowing parties to file fresh applications under sections 7, 8, or 9 of the Code after July 15, 2017. The petitioner's absence led to the dismissal of the petition for non-prosecution.
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The case pertains to a petition filed under Sections 433(e) and 434(1)(a) of the Companies Act, 1956, read with the Insolvency and Bankruptcy Code, 2016. The petitioner, International Waterbase Ltd., filed the petition against the respondent, Brandlink Media Communication Pvt. Ltd. The matter was regarding a debt of Rs. 10,58,717/-.
M/s Alakh Advertising & Publicity Pvt. Ltd., filed a petition against Brandlink Media Communication Pvt. Ltd., under Sections 433(e) and 434(1)(a) of the Companies Act, 1956, and the Insolvency and Bankruptcy Code, 2016. The debt amount was stated as Rs. 10,58,717/-. The petitioner failed to appear on multiple occasions, including the last occasion on 07.04.2017 and the adjourned date of 27.06.2017. The court noted a notification dated 29.06.2017, allowing parties to file fresh applications under sections 7, 8, or 9 of the Code after July 15, 2017. The petitioner's absence led to the dismissal of the petition for non-prosecution.
No party was pr…
The matter was…