M/s. Nicety Financial Consultancy Private Limited filed a Company Petition bearing Dairy No. 6861/2018, followed by C.P (IB) No. 40/BB/19, under Section 9 of the Insolvency & Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Teamlease Digital Private Limited. The Registry identified defects in the petition and communicated them to the Counsel/PCS on 2018-12-27, granting seven days to comply. However, no steps were taken to rectify the objections.
M/s. Nicety Financial Consultancy Private Limited (the Petitioner/Operational Creditor) filed C.P (IB) No. 40/BB/19 under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Teamlease Digital Private Limited (the Corporate Debtor). The Registry identified defects in the petition and communicated them to the Petitioner's Counsel/PCS on 2018-12-27, granting seven days to comply. The Petitioner failed to rectify the objections. On 2019-01-18, no one appeared for the Petitioner when the case was posted for orders regarding non-compliance. The court inferred that the Petitioner was not interested in prosecuting the case. The relevance of these facts is that the failure to comply with the
…Sign in to view the parties.
The Registry communicate…
The case was posted for orders regarding…
M/s. Nicety Financial Consultancy Private Limited filed a Company Petition bearing Dairy No. 6861/2018, followed by C.P (IB) No. 40/BB/19, under Section 9 of the Insolvency & Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Teamlease Digital Private Limited. The Registry identified defects in the petition and communicated them to the Counsel/PCS on 2018-12-27, granting seven days to comply. However, no steps were taken to rectify the objections.
M/s. Nicety Financial Consultancy Private Limited (the Petitioner/Operational Creditor) filed C.P (IB) No. 40/BB/19 under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Teamlease Digital Private Limited (the Corporate Debtor). The Registry identified defects in the petition and communicated them to the Petitioner's Counsel/PCS on 2018-12-27, granting seven days to comply. The Petitioner failed to rectify the objections. On 2019-01-18, no one appeared for the Petitioner when the case was posted for orders regarding non-compliance. The court inferred that the Petitioner was not interested in prosecuting the case. The relevance of these facts is that the failure to comply with the
…The Registry communicate…
The case was posted for orders regarding…