The case pertains to CP(IB) No.774/KB/2019 before the National Company Law Tribunal, Kolkata Bench. The matter involves Subh Chintak Commotrade Pvt. Ltd. versus HS Mercantile Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC).
The case involves Subh Chintak Commotrade Pvt. Ltd. as the Operational Creditor and HS Mercantile Ltd. as the Corporate Debtor. The petition was filed under Section 7 of the IBC. On the hearing date, the Operational Creditor was absent, and no steps were taken to serve notice to the Corporate Debtor. As a result, the petition was dismissed for want of prosecution. The absence of the Operational Creditor and the failure to serve notice are key facts leading to the dismissal.
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Hearing held on July 9, 2019, at 10:30 A.M. The…
The case pertains to CP(IB) No.774/KB/2019 before the National Company Law Tribunal, Kolkata Bench. The matter involves Subh Chintak Commotrade Pvt. Ltd. versus HS Mercantile Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC).
The case involves Subh Chintak Commotrade Pvt. Ltd. as the Operational Creditor and HS Mercantile Ltd. as the Corporate Debtor. The petition was filed under Section 7 of the IBC. On the hearing date, the Operational Creditor was absent, and no steps were taken to serve notice to the Corporate Debtor. As a result, the petition was dismissed for want of prosecution. The absence of the Operational Creditor and the failure to serve notice are key facts leading to the dismissal.
Hearing held on July 9, 2019, at 10:30 A.M. The…