The case involves IA/4447/2023 and IA/3288/2023 in C.P. (IB)/283(MB)2023 before the National Company Law Tribunal, Mumbai Bench. Vistra Itcl (India) Limited is the petitioner, and Envirant Developers Private Limited is the respondent. The case is under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Vistra Itcl (India) Limited initiated proceedings against Envirant Developers Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case involves two Interlocutory Applications, IA/4447/2023 and IA/3288/2023. In IA/4447/2023, the respondents No. 1, 3, and 4 did not appear despite being served, leading the tribunal to proceed ex-parte against them. The matter was adjourned for arguments. In IA/3288/2023, it was brought to the tribunal's attention that an order dated 2024-04-29, directing IBBI to initiate proceedings against the respondents, had not been forwarded to IBBI for compliance. This oversight was addressed by directing the registry to forward the order immediately. The key facts highlight procedural lapses and the tribunal's efforts
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The case involves IA/4447/2023 and IA/3288/2023 in C.P. (IB)/283(MB)2023 before the National Company Law Tribunal, Mumbai Bench. Vistra Itcl (India) Limited is the petitioner, and Envirant Developers Private Limited is the respondent. The case is under Section 7 of the Insolvency and Bankruptcy Code, 2016.
Vistra Itcl (India) Limited initiated proceedings against Envirant Developers Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case involves two Interlocutory Applications, IA/4447/2023 and IA/3288/2023. In IA/4447/2023, the respondents No. 1, 3, and 4 did not appear despite being served, leading the tribunal to proceed ex-parte against them. The matter was adjourned for arguments. In IA/3288/2023, it was brought to the tribunal's attention that an order dated 2024-04-29, directing IBBI to initiate proceedings against the respondents, had not been forwarded to IBBI for compliance. This oversight was addressed by directing the registry to forward the order immediately. The key facts highlight procedural lapses and the tribunal's efforts
…IBBI was directed to…
Order was deli…