M/s. R K Swamy BBDO Private Limited, identified as the Operational Creditor/Petitioner, initiated proceedings against M/s. Skyline Constructions and Housing Private Limited, the Corporate Debtor/Respondent, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The basis for the petition was the Corporate Debtor's alleged failure to pay an outstanding amount of Rs. 1,59,34,435/-, which included principal and interest. The case was listed before the NCLT, Bengaluru Bench, for admission on several dates, including 26.11.2018, 13.12.2018, 19.12.2018, 24.01.2019, 21.02.2019, 19.03.2019, 21.03.2019, 02.04.2019, and 22.04.2019. Critically, neither the Petitioner nor their counsel appeared on most of these scheduled dates. On the final hearing date, the case was

M/s. R K Swamy BBDO Private Limited, identified as the Operational Creditor/Petitioner, initiated proceedings against M/s. Skyline Constructions and Housing Private Limited, the Corporate Debtor/Respondent, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The basis for the petition was the Corporate Debtor's alleged failure to pay an outstanding amount of Rs. 1,59,34,435/-, which included principal and interest. The case was listed before the NCLT, Bengaluru Bench, for admission on several dates, including 26.11.2018, 13.12.2018, 19.12.2018, 24.01.2019, 21.02.2019, 19.03.2019, 21.03.2019, 02.04.2019, and 22.04.2019. Critically, neither the Petitioner nor their counsel appeared on most of these scheduled dates. On the final hearing date, the case was