The case involves a petition filed by IL & FS Financial Services Limited against Beigh Construction Company Pvt Ltd under Section 7 of the IBC 2016. The petitioner's counsel stated that proceedings are pending before the NCLAT, but no order from the NCLAT has been placed before the Bench to indicate that the proceedings before the Bench should be adjourned.
IL & FS Financial Services Limited filed a petition against Beigh Construction Company Pvt Ltd under Section 7 of the IBC 2016. The petitioner's counsel informed the court that proceedings related to the matter are pending before the NCLAT. However, the petitioner failed to present any order from the NCLAT that would necessitate the adjournment of the proceedings before the current bench. The case originated in 2021, and the petitioner requested additional time to clarify certain issues. The court interpreted this request, along with the absence of an NCLAT order, as a lack of interest from the petitioner in actively pursuing the case.
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Learned counsel for the…
The court dismi…
The case involves a petition filed by IL & FS Financial Services Limited against Beigh Construction Company Pvt Ltd under Section 7 of the IBC 2016. The petitioner's counsel stated that proceedings are pending before the NCLAT, but no order from the NCLAT has been placed before the Bench to indicate that the proceedings before the Bench should be adjourned.
IL & FS Financial Services Limited filed a petition against Beigh Construction Company Pvt Ltd under Section 7 of the IBC 2016. The petitioner's counsel informed the court that proceedings related to the matter are pending before the NCLAT. However, the petitioner failed to present any order from the NCLAT that would necessitate the adjournment of the proceedings before the current bench. The case originated in 2021, and the petitioner requested additional time to clarify certain issues. The court interpreted this request, along with the absence of an NCLAT order, as a lack of interest from the petitioner in actively pursuing the case.
Learned counsel for the…
The court dismi…