The matter pertains to a company petition/application filed under CP(IB) No.111/9/HDB/2019. The case was listed for dismissal due to non-prosecution.
The case, CP(IB) No.111/9/HDB/2019, involved Rayen Steels Pvt Ltd as the company, Basai Steels & Power Pvt Ltd as the petitioner, and Rayen Steels Pvt Ltd as the respondent. The matter was listed for dismissal, and the Operational Creditor (Basai Steels & Power Pvt Ltd) was absent. The court observed that the Operational Creditor showed no interest in proceeding with the case. The petition was filed under Section 9 of the IBC.
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Hearing held on July 3,…
The matter pertains to a company petition/application filed under CP(IB) No.111/9/HDB/2019. The case was listed for dismissal due to non-prosecution.
The case, CP(IB) No.111/9/HDB/2019, involved Rayen Steels Pvt Ltd as the company, Basai Steels & Power Pvt Ltd as the petitioner, and Rayen Steels Pvt Ltd as the respondent. The matter was listed for dismissal, and the Operational Creditor (Basai Steels & Power Pvt Ltd) was absent. The court observed that the Operational Creditor showed no interest in proceeding with the case. The petition was filed under Section 9 of the IBC.
Hearing held on July 3,…