The case involves Arete Services Pvt. Ltd. as the applicant/petitioner and Soma Network Engineering Pvt. Ltd. as the respondent. The matter is under Section 7 of the Insolvency & Bankruptcy Code, IBC. The respondent was initially granted time until 2018-06-06 to file a reply, and subsequently, a final opportunity was given until 2018-07-10. However, the respondent failed to file a reply and requested further time.
Arete Services Pvt. Ltd. initiated insolvency proceedings against Soma Network Engineering Pvt. Ltd. under Section 7 of the IBC. The NCLT granted Soma Network Engineering Pvt. Ltd. time until 2018-06-06 to file a reply. Soma Network Engineering Pvt. Ltd. did not file a reply and requested more time. The NCLT granted a final opportunity until 2018-07-10. Soma Network Engineering Pvt. Ltd. still failed to file a reply and again requested more time. The NCLT then ordered Soma Network Engineering Pvt. Ltd. to file a reply within one week, subject to a cost of Rs. 20,000. The case was listed for arguments on 2018-08-28. The repeated failure to file a reply is a key fact, demonstrating non-compliance with court orders.
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The respondent was…
A final opportunity was…
The case involves Arete Services Pvt. Ltd. as the applicant/petitioner and Soma Network Engineering Pvt. Ltd. as the respondent. The matter is under Section 7 of the Insolvency & Bankruptcy Code, IBC. The respondent was initially granted time until 2018-06-06 to file a reply, and subsequently, a final opportunity was given until 2018-07-10. However, the respondent failed to file a reply and requested further time.
Arete Services Pvt. Ltd. initiated insolvency proceedings against Soma Network Engineering Pvt. Ltd. under Section 7 of the IBC. The NCLT granted Soma Network Engineering Pvt. Ltd. time until 2018-06-06 to file a reply. Soma Network Engineering Pvt. Ltd. did not file a reply and requested more time. The NCLT granted a final opportunity until 2018-07-10. Soma Network Engineering Pvt. Ltd. still failed to file a reply and again requested more time. The NCLT then ordered Soma Network Engineering Pvt. Ltd. to file a reply within one week, subject to a cost of Rs. 20,000. The case was listed for arguments on 2018-08-28. The repeated failure to file a reply is a key fact, demonstrating non-compliance with court orders.
The respondent was…
A final opportunity was…