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 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, 2016, 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 that were not complied with by the Financial Creditor. The case was listed on 2019-09-20 for non-compliance of these objections. On that date, neither the counsel for the Financial Creditor nor the Financial Creditor itself appeared before the Tribunal. Consequently, the case was posted for dismissal on 2019-09-26, and ultimately dismissed for
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M/s.Syndicate Bank…
The Registry…
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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 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, 2016, 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 that were not complied with by the Financial Creditor. The case was listed on 2019-09-20 for non-compliance of these objections. On that date, neither the counsel for the Financial Creditor nor the Financial Creditor itself appeared before the Tribunal. Consequently, the case was posted for dismissal on 2019-09-26, and ultimately dismissed for
…M/s.Syndicate Bank…
The Registry…
Sign in to view related legal provisions.