The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by R. K. Construction Company, the Operational Creditor, against Drishti Buildhomes Private Limited, the Corporate Debtor. The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The matter was heard through video conferencing.
R. K. Construction Company, the Operational Creditor, filed a petition under Section 9 of the IBC, 2016, against Drishti Buildhomes Private Limited, the Corporate Debtor. During the hearing, the counsel for the Operational Creditor, Anurag Kalavatiya, Adv., stated that they had no instructions from their client to prosecute the matter and were unable to contact them. Consequently, the counsel sought to withdraw the petition. The NCLT Jaipur Bench considered the submission and dismissed the petition as withdrawn.
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CP No. (IB)- 06/9/JPR/20…
The NCLT Jaipur Bench…
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The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by R. K. Construction Company, the Operational Creditor, against Drishti Buildhomes Private Limited, the Corporate Debtor. The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The matter was heard through video conferencing.
R. K. Construction Company, the Operational Creditor, filed a petition under Section 9 of the IBC, 2016, against Drishti Buildhomes Private Limited, the Corporate Debtor. During the hearing, the counsel for the Operational Creditor, Anurag Kalavatiya, Adv., stated that they had no instructions from their client to prosecute the matter and were unable to contact them. Consequently, the counsel sought to withdraw the petition. The NCLT Jaipur Bench considered the submission and dismissed the petition as withdrawn.
CP No. (IB)- 06/9/JPR/20…
The NCLT Jaipur Bench…
Sign in to view related legal provisions.