The Petitioner filed a Restoration Application seeking to restore a Company Petition that had been previously dismissed based on consent terms agreed upon between the parties.
Tata Power Trading Co. Ltd. filed a Restoration Application to restore a previously dismissed Company Petition against Indusar Global Ltd. The original dismissal was based on consent terms agreed upon by both parties. The Petitioner's counsel and the Corporate Debtor were present during the hearing. The court found that the IBC and its rules do not provide a procedure for restoring a dismissed Company Petition.
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The Petitioner filed a Restoration Application seeking to restore a Company Petition that had been previously dismissed based on consent terms agreed upon between the parties.
Tata Power Trading Co. Ltd. filed a Restoration Application to restore a previously dismissed Company Petition against Indusar Global Ltd. The original dismissal was based on consent terms agreed upon by both parties. The Petitioner's counsel and the Corporate Debtor were present during the hearing. The court found that the IBC and its rules do not provide a procedure for restoring a dismissed Company Petition.
Hearing of the Mumbai…
Sign in to view related legal provisions.