The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was against Mudra Denim Private Limited. The hearing was conducted by the Mumbai bench of the National Company Law Tribunal (NCLT) on July 13, 2021.
Punjab National Bank filed a petition against Mudra Denim Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. However, a prior petition against Mudra Denim Private Limited had already been admitted by the court in CP No. 1139 of 2019, with an order dated August 10, 2020. The existence of the prior admitted petition is the key fact that led to the dismissal of the current petition.
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The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petition was against Mudra Denim Private Limited. The hearing was conducted by the Mumbai bench of the National Company Law Tribunal (NCLT) on July 13, 2021.
Punjab National Bank filed a petition against Mudra Denim Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. However, a prior petition against Mudra Denim Private Limited had already been admitted by the court in CP No. 1139 of 2019, with an order dated August 10, 2020. The existence of the prior admitted petition is the key fact that led to the dismissal of the current petition.
A petition against…
Hearing of the petition…
Sign in to view related legal provisions.