The case pertains to CP (IB)-408(MB)/2019 before the Mumbai Bench of the National Company Law Tribunal (NCLT). The matter involves Bank of India as the applicant and Saturn Rings & Forgings Pvt. Ltd. as the corporate debtor. The case is related to Section 7 of the Insolvency and Bankruptcy Code, 2016.
Bank of India initiated insolvency proceedings against Saturn Rings & Forgings Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner (Bank of India) filed an affidavit of service confirming that the corporate debtor was served the court notice on 2019-04-04. The corporate debtor's counsel requested additional time to file Vakalatnama, Board Resolution, and Reply. This request was granted by the NCLT, with a deadline of seven days for filing the documents, and a subsequent seven-day period for filing a rejoinder, if any. The case was then listed for further hearing on 2019-05-08.
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The case pertains to CP (IB)-408(MB)/2019 before the Mumbai Bench of the National Company Law Tribunal (NCLT). The matter involves Bank of India as the applicant and Saturn Rings & Forgings Pvt. Ltd. as the corporate debtor. The case is related to Section 7 of the Insolvency and Bankruptcy Code, 2016.
Bank of India initiated insolvency proceedings against Saturn Rings & Forgings Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner (Bank of India) filed an affidavit of service confirming that the corporate debtor was served the court notice on 2019-04-04. The corporate debtor's counsel requested additional time to file Vakalatnama, Board Resolution, and Reply. This request was granted by the NCLT, with a deadline of seven days for filing the documents, and a subsequent seven-day period for filing a rejoinder, if any. The case was then listed for further hearing on 2019-05-08.
Reference to an…
Court notice s…
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