The Resolution Professional failed to serve notice to TSIIC, which was identified as a necessary party to the application after the bifurcation of the state of AP and the formation of Telangana State, placing the disputed plot under TSIIC's jurisdiction.
The National Company Law Tribunal (NCLT), Hyderabad Bench-1, issued an order on July 10, 2023, in IA (IBC) 507/2022 in Company Petition IB/197/2021, filed under section 10 of the IBC, 2016. The order noted that the Tribunal, on September 19, 2022, had directed the Resolution Professional to serve notice to TSIIC within a week via registered post acknowledgment due, and ordered TSIIC to file a counter by the next hearing date, October 28, 2022. However, the Resolution Professional failed to provide proof of service of notice to TSIIC.
The Tribunal directed the Resolution…
The matter was posted…
Sign in to view related legal provisions.
The Resolution Professional failed to serve notice to TSIIC, which was identified as a necessary party to the application after the bifurcation of the state of AP and the formation of Telangana State, placing the disputed plot under TSIIC's jurisdiction.
The National Company Law Tribunal (NCLT), Hyderabad Bench-1, issued an order on July 10, 2023, in IA (IBC) 507/2022 in Company Petition IB/197/2021, filed under section 10 of the IBC, 2016. The order noted that the Tribunal, on September 19, 2022, had directed the Resolution Professional to serve notice to TSIIC within a week via registered post acknowledgment due, and ordered TSIIC to file a counter by the next hearing date, October 28, 2022. However, the Resolution Professional failed to provide proof of service of notice to TSIIC.
The Tribunal directed the Resolution…
The matter was posted…
Sign in to view related legal provisions.