The case pertains to C.P. (IB) No.310/BB/2019 filed by M/s. Syndicate Bank, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 4 of the I&B (Application to Adjudicating Authority) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Valepura Plantations Pvt. Ltd, the Corporate Debtor, due to a default on an outstanding amount of Rs. 1,56,06,840.06. The petition was filed on 2019-07-23. The Registry raised certain objections which were not complied with. The case was listed on 2019-09-20 for non-compliance of office objections, but neither the counsel nor the Petitioner appeared before the Tribunal.
M/s. Syndicate Bank, acting as the Financial Creditor, filed C.P. (IB) No.310/BB/2019 under Section 7 of the IBC, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Valepura Plantations Pvt. Ltd, the Corporate Debtor. The basis for the application was a default on an outstanding amount of Rs. 1,56,06,840.06. The petition was filed on 2019-07-23. The Registry raised certain office objections to the application, which were not complied with by the petitioner within the stipulated time. As a result, the case was listed on 2019-09-20 for non-compliance of office objections. On that date, neither the counsel for the petitioner nor the petitioner itself appeared before the Tribunal. The case was then posted for dismissal on 2019-09-26, and again,
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M/s. Syndicate Bank…
The Registry raised…
The case pertains to C.P. (IB) No.310/BB/2019 filed by M/s. Syndicate Bank, the Financial Creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 4 of the I&B (Application to Adjudicating Authority) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Valepura Plantations Pvt. Ltd, the Corporate Debtor, due to a default on an outstanding amount of Rs. 1,56,06,840.06. The petition was filed on 2019-07-23. The Registry raised certain objections which were not complied with. The case was listed on 2019-09-20 for non-compliance of office objections, but neither the counsel nor the Petitioner appeared before the Tribunal.
M/s. Syndicate Bank, acting as the Financial Creditor, filed C.P. (IB) No.310/BB/2019 under Section 7 of the IBC, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Valepura Plantations Pvt. Ltd, the Corporate Debtor. The basis for the application was a default on an outstanding amount of Rs. 1,56,06,840.06. The petition was filed on 2019-07-23. The Registry raised certain office objections to the application, which were not complied with by the petitioner within the stipulated time. As a result, the case was listed on 2019-09-20 for non-compliance of office objections. On that date, neither the counsel for the petitioner nor the petitioner itself appeared before the Tribunal. The case was then posted for dismissal on 2019-09-26, and again,
…M/s. Syndicate Bank…
The Registry raised…