The case originates from a transfer petition filed in the High Court under Section 433 of the Companies Act, concerning an outstanding debt of Rs. 21,45,519. Subsequently, the matter was transferred to the National Company Law Tribunal (NCLT) as per a notification. Despite multiple appearances scheduled on 19.04.2017, 21.07.2017, 24.08.2017, 11.09.2017, 26.09.2017 and 06.11.2017, the petitioner failed to appear, indicating a lack of diligence in pursuing the matter.
A transfer petition was initially filed in the High Court under Section 433 of the Companies Act, concerning an outstanding debt of Rs. 21,45,519. The case was then transferred to the NCLT. The petitioner repeatedly failed to appear at scheduled hearings on 19.04.2017, 21.07.2017, 24.08.2017, 11.09.2017, 26.09.2017 and 06.11.2017. Crucially, Form No. 5, required to be filed by 15.07.2017 according to Notification No. GSR-732 dated 30.06.2017, was not submitted. This non-compliance led to the petition being abated.
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Transfer Petition filed…
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The case originates from a transfer petition filed in the High Court under Section 433 of the Companies Act, concerning an outstanding debt of Rs. 21,45,519. Subsequently, the matter was transferred to the National Company Law Tribunal (NCLT) as per a notification. Despite multiple appearances scheduled on 19.04.2017, 21.07.2017, 24.08.2017, 11.09.2017, 26.09.2017 and 06.11.2017, the petitioner failed to appear, indicating a lack of diligence in pursuing the matter.
A transfer petition was initially filed in the High Court under Section 433 of the Companies Act, concerning an outstanding debt of Rs. 21,45,519. The case was then transferred to the NCLT. The petitioner repeatedly failed to appear at scheduled hearings on 19.04.2017, 21.07.2017, 24.08.2017, 11.09.2017, 26.09.2017 and 06.11.2017. Crucially, Form No. 5, required to be filed by 15.07.2017 according to Notification No. GSR-732 dated 30.06.2017, was not submitted. This non-compliance led to the petition being abated.
Transfer Petition filed…
The matter appeared for…
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