M/s. Art Electrical Industries filed a Company Petition under the Insolvency & Bankruptcy Code 2016. The case was transferred from the Hon'ble High Court. M/s. Mayank Electro Limited is the respondent in this case. The petitioner, Art Electrical Industries, was required to comply with certain provisions of the Insolvency & Bankruptcy Code. However, the petitioner failed to furnish the necessary forms. The respondent, Mayank Electro Limited, referred to a notification dated 17.05.2017, which states that if there is non-compliance with the provisions of the Code, the transferred petition gets abated.

M/s. Art Electrical Industries filed a Company Petition under the Insolvency & Bankruptcy Code 2016. The case was transferred from the Hon'ble High Court. M/s. Mayank Electro Limited is the respondent in this case. The petitioner, Art Electrical Industries, was required to comply with certain provisions of the Insolvency & Bankruptcy Code. However, the petitioner failed to furnish the necessary forms. The respondent, Mayank Electro Limited, referred to a notification dated 17.05.2017, which states that if there is non-compliance with the provisions of the Code, the transferred petition gets abated.