The case pertains to a Transfer Company Petition (TCP) that was initially filed and subsequently transferred from the High Court to the National Company Law Tribunal (NCLT), Mumbai Bench. The requisite form submitted was found to be defective. The petition was abated due to a notification dated June 29, 2017.
A Transfer Company Petition (TCP No. 452/(MAH)/2017) was transferred from the High Court to the Mumbai Bench of the National Company Law Tribunal (NCLT). The requisite form submitted on July 25, 2017, was found to be defective. A notification dated June 29, 2017, [F. No. 1/5/2016-CL-V] (GSR 732(E)) resulted in the abatement of the petition. The notification allows parties to file fresh applications under sections 7, 8, or 9 of the Insolvency and Bankruptcy Code (IBC) after July 15, 2017. The petitioner, represented by Sudip Mallick, was granted liberty to file a fresh petition under the Code.
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Notification [F. No. 1/5/2016-CL-V] (GSR…
Parties eligible to file fresh applications…
The case pertains to a Transfer Company Petition (TCP) that was initially filed and subsequently transferred from the High Court to the National Company Law Tribunal (NCLT), Mumbai Bench. The requisite form submitted was found to be defective. The petition was abated due to a notification dated June 29, 2017.
A Transfer Company Petition (TCP No. 452/(MAH)/2017) was transferred from the High Court to the Mumbai Bench of the National Company Law Tribunal (NCLT). The requisite form submitted on July 25, 2017, was found to be defective. A notification dated June 29, 2017, [F. No. 1/5/2016-CL-V] (GSR 732(E)) resulted in the abatement of the petition. The notification allows parties to file fresh applications under sections 7, 8, or 9 of the Insolvency and Bankruptcy Code (IBC) after July 15, 2017. The petitioner, represented by Sudip Mallick, was granted liberty to file a fresh petition under the Code.
Notification [F. No. 1/5/2016-CL-V] (GSR…
Parties eligible to file fresh applications…