The case involves an application by Nitin Coal Private Limited, an operational creditor, against Saradambika Power Plant Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor alleged that the demand notice was not properly served. To avoid discrepancies, the applicant sought to withdraw the company petition with the liberty to file a fresh petition after proper demand notice.
Nitin Coal Private Limited, an operational creditor, initiated proceedings against Saradambika Power Plant Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor, Saradambika Power Plant Private Limited, contested the application, alleging that the demand notice (Form 3) was not properly served. The applicant, Nitin Coal Private Limited, sought to introduce additional evidence of service via an Interlocutory Application, showing service to the director's email. To avoid potential issues with the service of the demand notice, the applicant decided to withdraw the company petition with the intention of filing a fresh petition after ensuring proper service of the demand notice. The respondent did not object to the withdrawal. The
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IA No. 01 of 2020 filed…
Attendance-cum-order…
The case involves an application by Nitin Coal Private Limited, an operational creditor, against Saradambika Power Plant Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor alleged that the demand notice was not properly served. To avoid discrepancies, the applicant sought to withdraw the company petition with the liberty to file a fresh petition after proper demand notice.
Nitin Coal Private Limited, an operational creditor, initiated proceedings against Saradambika Power Plant Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor, Saradambika Power Plant Private Limited, contested the application, alleging that the demand notice (Form 3) was not properly served. The applicant, Nitin Coal Private Limited, sought to introduce additional evidence of service via an Interlocutory Application, showing service to the director's email. To avoid potential issues with the service of the demand notice, the applicant decided to withdraw the company petition with the intention of filing a fresh petition after ensuring proper service of the demand notice. The respondent did not object to the withdrawal. The
…IA No. 01 of 2020 filed…
Attendance-cum-order…