Progressive Nirman Pvt. Ltd. filed a petition against Tricom Fruit Products Ltd. before the NCLT Mumbai Bench. The Learned Representative from the side of the Petitioner/Creditor is present. The matter was transferred from the Hon'ble High Court of Bombay pertaining to the provisions of Section 433(e) of the Companies Act, 1956. The Learned Counsel stated that the requisite compliance had not been made as per the Notification No. GSR 732(E) dated 2017-06-30. Consequently, the petition stood abated. However, the Petitioner was granted liberty to file a fresh petition, if deemed fit, as per Law. The order references eligibility for filing fresh applications under sections 7, 8, or 9 of the Code after July 15, 2017.

Progressive Nirman Pvt. Ltd. filed a petition against Tricom Fruit Products Ltd. before the NCLT Mumbai Bench. The Learned Representative from the side of the Petitioner/Creditor is present. The matter was transferred from the Hon'ble High Court of Bombay pertaining to the provisions of Section 433(e) of the Companies Act, 1956. The Learned Counsel stated that the requisite compliance had not been made as per the Notification No. GSR 732(E) dated 2017-06-30. Consequently, the petition stood abated. However, the Petitioner was granted liberty to file a fresh petition, if deemed fit, as per Law. The order references eligibility for filing fresh applications under sections 7, 8, or 9 of the Code after July 15, 2017.