The case involves a company petition under the Insolvency and Bankruptcy Code (IBC). The Operational Creditor failed to appear in court despite multiple opportunities. The matter was called on 13.09.2021 and 09.11.2021, and on the latter date, an opportunity was given to the counsel for the Operational Creditor to appear. However, they failed to do so, leading to a record that the matter would be dismissed for non-prosecution.
The case pertains to a company petition filed under the Insolvency and Bankruptcy Code (IBC). The key fact is the repeated absence of representation from the Operational Creditor during court proceedings. The matter was called on 13.09.2021 and 09.11.2021. On 09.11.2021, the court provided an opportunity for the Operational Creditor's counsel to appear. Despite this opportunity, no representation was made on behalf of the Operational Creditor. This absence led the court to conclude that the Operational Creditor was not interested in pursuing the petition. The relevance of these facts lies in demonstrating the Operational Creditor's lack of diligence and the subsequent dismissal of the case due to non-prosecution.
Sign in to view the parties.
The matte…
Opportunity was given…
Sign in to view related legal provisions.
The case involves a company petition under the Insolvency and Bankruptcy Code (IBC). The Operational Creditor failed to appear in court despite multiple opportunities. The matter was called on 13.09.2021 and 09.11.2021, and on the latter date, an opportunity was given to the counsel for the Operational Creditor to appear. However, they failed to do so, leading to a record that the matter would be dismissed for non-prosecution.
The case pertains to a company petition filed under the Insolvency and Bankruptcy Code (IBC). The key fact is the repeated absence of representation from the Operational Creditor during court proceedings. The matter was called on 13.09.2021 and 09.11.2021. On 09.11.2021, the court provided an opportunity for the Operational Creditor's counsel to appear. Despite this opportunity, no representation was made on behalf of the Operational Creditor. This absence led the court to conclude that the Operational Creditor was not interested in pursuing the petition. The relevance of these facts lies in demonstrating the Operational Creditor's lack of diligence and the subsequent dismissal of the case due to non-prosecution.
The matte…
Opportunity was given…
Sign in to view related legal provisions.