The case pertains to a company petition filed under the Insolvency & Bankruptcy Code 2016. The matter was initially transferred from the Hon'ble High Court of Bombay, relating to provisions of 433(e) and 434 of the Companies Act, 1956. The NCLT publicized a list of transferred cases to inform the concerned parties. The procedure of intimation involves uploading the cause list daily on the NCLT site, displaying hearing directions daily on the official site, and displaying the cause list status with the next hearing date on the official site.
The case involves a company petition initially filed under the Companies Act, 1956, and subsequently transferred to the National Company Law Tribunal (NCLT) under the Insolvency & Bankruptcy Code, 2016. The petitioner, despite being given multiple opportunities, failed to appear before the court. The NCLT had taken steps to publicize the transferred cases and inform the parties involved. The petitioner's absence led the court to believe that they were not serious about pursuing the petition. A notification dated 29.06.2017 allowed parties to file fresh applications under sections 7, 8, or 9 of the Insolvency & Bankruptcy Code after July 15, 2017. The case involves M/s. Viewcraft India Private Limited and M/s. Pancard Clubs Limited.
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Notification [F.NO. 1/5/2016-CL-V] (GSR…
Order dated 22.08.2017…
The case pertains to a company petition filed under the Insolvency & Bankruptcy Code 2016. The matter was initially transferred from the Hon'ble High Court of Bombay, relating to provisions of 433(e) and 434 of the Companies Act, 1956. The NCLT publicized a list of transferred cases to inform the concerned parties. The procedure of intimation involves uploading the cause list daily on the NCLT site, displaying hearing directions daily on the official site, and displaying the cause list status with the next hearing date on the official site.
The case involves a company petition initially filed under the Companies Act, 1956, and subsequently transferred to the National Company Law Tribunal (NCLT) under the Insolvency & Bankruptcy Code, 2016. The petitioner, despite being given multiple opportunities, failed to appear before the court. The NCLT had taken steps to publicize the transferred cases and inform the parties involved. The petitioner's absence led the court to believe that they were not serious about pursuing the petition. A notification dated 29.06.2017 allowed parties to file fresh applications under sections 7, 8, or 9 of the Insolvency & Bankruptcy Code after July 15, 2017. The case involves M/s. Viewcraft India Private Limited and M/s. Pancard Clubs Limited.
Notification [F.NO. 1/5/2016-CL-V] (GSR…
Order dated 22.08.2017…