The case pertains to T.C.P No.699/(MAH)/2017 before the National Company Law Tribunal, Mumbai Bench. The hearing took place on August 18, 2017. The parties involved are Milind M Gujrathi as the applicant and Renaissance Urban Pvt. Ltd. as the respondent. The case is related to the I & BP Code 2016.
Milind M Gujrathi filed a petition against Renaissance Urban Pvt. Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The case was heard on August 18, 2017. The NCLT observed that the requisite Form 5 under the Insolvency and Bankruptcy Code (IB Code) had not been filed. As a result, and under the Notification GSR 732(E) dated June 29, 2017, the petition was abated. The petitioner was granted the liberty to file a fresh petition in compliance with the relevant notification. The failure to file Form 5 is a critical procedural defect that led to the abatement of the petition.
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The case pertains to T.C.P No.699/(MAH)/2017 before the National Company Law Tribunal, Mumbai Bench. The hearing took place on August 18, 2017. The parties involved are Milind M Gujrathi as the applicant and Renaissance Urban Pvt. Ltd. as the respondent. The case is related to the I & BP Code 2016.
Milind M Gujrathi filed a petition against Renaissance Urban Pvt. Ltd. before the National Company Law Tribunal (NCLT), Mumbai Bench. The case was heard on August 18, 2017. The NCLT observed that the requisite Form 5 under the Insolvency and Bankruptcy Code (IB Code) had not been filed. As a result, and under the Notification GSR 732(E) dated June 29, 2017, the petition was abated. The petitioner was granted the liberty to file a fresh petition in compliance with the relevant notification. The failure to file Form 5 is a critical procedural defect that led to the abatement of the petition.
Notification GSR 732(E)…
Hearing of th…
Sign in to view related legal provisions.