The case pertains to CP(IB)-1531(MB)/2017 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The matter was heard by the Mumbai bench of the National Company Law Tribunal (NCLT).
The case involves Alliance Enterprises as the operational creditor and Mavin Infra pvt Ltd as the corporate debtor. The case was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing, no one responded from the operational creditor's side. However, the counsel for the corporate debtor was present, and the corporate debtor had filed a reply. The petition was dismissed due to the default of the petitioner (operational creditor). The key fact is the absence of a response from the operational creditor, leading to the dismissal of the petition.
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Hearing of Mumbai Bench…
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The case pertains to CP(IB)-1531(MB)/2017 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The matter was heard by the Mumbai bench of the National Company Law Tribunal (NCLT).
The case involves Alliance Enterprises as the operational creditor and Mavin Infra pvt Ltd as the corporate debtor. The case was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing, no one responded from the operational creditor's side. However, the counsel for the corporate debtor was present, and the corporate debtor had filed a reply. The petition was dismissed due to the default of the petitioner (operational creditor). The key fact is the absence of a response from the operational creditor, leading to the dismissal of the petition.
Hearing of Mumbai Bench…
Sign in to view related legal provisions.