The application seeks the recall of an order dated 2019-05-06 to restore the main company petition to its original position. The applicant/petitioner's counsel argues that the inability pointed out in paragraph No. 3 caused non-prosecution of the petition. The Tribunal dismissed the main application for non-prosecution when the matter was called on 2019-05-06. Although the corporate debtor was granted an opportunity to file a reply, further time is sought on their behalf.
M/s Sunflag Iron & Metal Co. Ltd. filed a petition against M/s Rajat Wires Pvt. Ltd. under Section 9 of the IBC, 2016. The petition was initially dismissed due to non-prosecution. The applicant/petitioner sought a recall of the dismissal order dated 2019-05-06. The corporate debtor was given an opportunity to file a reply, but requested more time. The Tribunal considered the application for recall and the request for additional time to file a reply.
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Order was passed which…
Order delivere…
The application seeks the recall of an order dated 2019-05-06 to restore the main company petition to its original position. The applicant/petitioner's counsel argues that the inability pointed out in paragraph No. 3 caused non-prosecution of the petition. The Tribunal dismissed the main application for non-prosecution when the matter was called on 2019-05-06. Although the corporate debtor was granted an opportunity to file a reply, further time is sought on their behalf.
M/s Sunflag Iron & Metal Co. Ltd. filed a petition against M/s Rajat Wires Pvt. Ltd. under Section 9 of the IBC, 2016. The petition was initially dismissed due to non-prosecution. The applicant/petitioner sought a recall of the dismissal order dated 2019-05-06. The corporate debtor was given an opportunity to file a reply, but requested more time. The Tribunal considered the application for recall and the request for additional time to file a reply.
Order was passed which…
Order delivere…