M/s. Graphisads Pvt Ltd filed a petition against M/s. Ansal Hi - Tech Townships Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. On the date of the hearing, no one appeared for the applicant, despite repeated calls. The court observed that on the last date of hearing, the parties had sought an adjournment, stating that settlement talks were in progress. The court inferred from this that the petitioner was not interested in pursuing the matter. Consequently, the court dismissed the petition for non-prosecution.

M/s. Graphisads Pvt Ltd filed a petition against M/s. Ansal Hi - Tech Townships Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. On the date of the hearing, no one appeared for the applicant, despite repeated calls. The court observed that on the last date of hearing, the parties had sought an adjournment, stating that settlement talks were in progress. The court inferred from this that the petitioner was not interested in pursuing the matter. Consequently, the court dismissed the petition for non-prosecution.