Daimler Financial Services Pvt. Ltd initiated proceedings against Fortune Graphics Limited under Section 7 of the Insolvency & Bankruptcy Code (IBC), 2016. A liquidation order was passed on 2019-04-10. The Liquidator has failed to appear for multiple hearings and has not taken any further steps in the matter for over three years. This has resulted in the case being pending for an extended period. The court views the Liquidator's inaction as a sign of callousness and indifference. IA-1238/2021, CA-1255/2019, CA-1256/2019 were also called for hearing, but no one appeared on behalf of the applicant.

Daimler Financial Services Pvt. Ltd initiated proceedings against Fortune Graphics Limited under Section 7 of the Insolvency & Bankruptcy Code (IBC), 2016. A liquidation order was passed on 2019-04-10. The Liquidator has failed to appear for multiple hearings and has not taken any further steps in the matter for over three years. This has resulted in the case being pending for an extended period. The court views the Liquidator's inaction as a sign of callousness and indifference. IA-1238/2021, CA-1255/2019, CA-1256/2019 were also called for hearing, but no one appeared on behalf of the applicant.