The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on August 5, 2019. The matter concerns Naveen Chandok Vs. Jan Aahar Pvt. Ltd. The Operational Creditor was not present despite court notice. The assets of the Corporate Debtor have been completely liquidated by handing them over to the Operational Creditor, reducing the outstanding liability.
The case involves Naveen Chandok Vs. Jan Aahar Pvt. Ltd. The hearing took place on August 5, 2019, before the New Delhi Bench of the National Company Law Tribunal. The Operational Creditor was not present despite receiving a court notice. The Corporate Debtor's assets have been completely liquidated and handed over to the Operational Creditor, which reduced the outstanding liability. The Operational Creditor is no longer interested in pursuing the case. Due to the absence of any party despite notice, the court directed the Corporate Debtor to be dissolved and its name to be struck off from the Register of the ROC. The relevant section of the Companies Act is Section 9 of the IBC.
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Hearing before the New…
The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on August 5, 2019. The matter concerns Naveen Chandok Vs. Jan Aahar Pvt. Ltd. The Operational Creditor was not present despite court notice. The assets of the Corporate Debtor have been completely liquidated by handing them over to the Operational Creditor, reducing the outstanding liability.
The case involves Naveen Chandok Vs. Jan Aahar Pvt. Ltd. The hearing took place on August 5, 2019, before the New Delhi Bench of the National Company Law Tribunal. The Operational Creditor was not present despite receiving a court notice. The Corporate Debtor's assets have been completely liquidated and handed over to the Operational Creditor, which reduced the outstanding liability. The Operational Creditor is no longer interested in pursuing the case. Due to the absence of any party despite notice, the court directed the Corporate Debtor to be dissolved and its name to be struck off from the Register of the ROC. The relevant section of the Companies Act is Section 9 of the IBC.
Hearing before the New…