The case involves an application (CA No. 310/2019) for the preponement of a hearing related to CP (IB) No. 102/Chd/CHD/2018. The applicant, Weather Makers Private Limited, is an operational creditor, and the respondent, Parabolic Drugs Limited, is the corporate debtor. The application seeks to advance the hearing date of CA No. 171/2019, which was previously adjourned to 06.06.2019. Orbit Lifescience Private Limited is the applicant/intervener and Raj Ralhan is the Resolution Professional.
Weather Makers Private Limited, the applicant and operational creditor, initiated proceedings against Parabolic Drugs Limited, the respondent and corporate debtor, under CP (IB) No. 102/Chd/CHD/2018. Orbit Lifescience Private Limited is an applicant/intervener. CA No. 310/2019 was filed to preponement the hearing of CA No. 171/2019, which had been adjourned to 06.06.2019. The applicant argued that the facts of the case are similar to those in a previous order dated 26.04.2019 involving M/s. Sun Pharmaceutical Industries Ltd. Vs. Parabolic Drugs Ltd., specifically concerning perishable goods. The hearing was proposed to be preponed to 23.05.2019. The relevance of the 'perishable goods' aspect is that it may necessitate a faster resolution of the matter.
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The case involves an application (CA No. 310/2019) for the preponement of a hearing related to CP (IB) No. 102/Chd/CHD/2018. The applicant, Weather Makers Private Limited, is an operational creditor, and the respondent, Parabolic Drugs Limited, is the corporate debtor. The application seeks to advance the hearing date of CA No. 171/2019, which was previously adjourned to 06.06.2019. Orbit Lifescience Private Limited is the applicant/intervener and Raj Ralhan is the Resolution Professional.
Weather Makers Private Limited, the applicant and operational creditor, initiated proceedings against Parabolic Drugs Limited, the respondent and corporate debtor, under CP (IB) No. 102/Chd/CHD/2018. Orbit Lifescience Private Limited is an applicant/intervener. CA No. 310/2019 was filed to preponement the hearing of CA No. 171/2019, which had been adjourned to 06.06.2019. The applicant argued that the facts of the case are similar to those in a previous order dated 26.04.2019 involving M/s. Sun Pharmaceutical Industries Ltd. Vs. Parabolic Drugs Ltd., specifically concerning perishable goods. The hearing was proposed to be preponed to 23.05.2019. The relevance of the 'perishable goods' aspect is that it may necessitate a faster resolution of the matter.
Initiation of Corporate…
Order in the case of…
Sign in to view related legal provisions.