The case involves an application (IA-3588/2021) within an insolvency proceeding (IB-979(ND)/2019). The Tribunal had previously directed the Respondents to file a response to the IA within four weeks, but they failed to comply. The Respondents' counsel requested two weeks' additional time to comply, which was granted. The Tribunal warned that failure to file a reply within the extended time would result in forfeiture of the right to reply.
Punjab National Bank initiated insolvency proceedings against M/s. Gupta Marriage Halls Pvt. Ltd. An Interlocutory Application (IA-3588/2021) was filed in the matter. The Tribunal had previously ordered the Respondents (M/s. Gupta Marriage Halls Pvt. Ltd.) to file a response to the IA within four weeks. The Respondents failed to comply with this order. The Respondents' counsel requested an extension of two weeks to comply. The Liquidator's counsel was present. The Tribunal granted the extension but warned that failure to comply within the extended time would result in forfeiture of the right to reply. The Respondents were also directed to provide all information/documents as already sought by the Liquidator in his request as mentioned in para 24 of the present
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Respondents were…
Tribunal granted Respondents two weeks to comply…
The case involves an application (IA-3588/2021) within an insolvency proceeding (IB-979(ND)/2019). The Tribunal had previously directed the Respondents to file a response to the IA within four weeks, but they failed to comply. The Respondents' counsel requested two weeks' additional time to comply, which was granted. The Tribunal warned that failure to file a reply within the extended time would result in forfeiture of the right to reply.
Punjab National Bank initiated insolvency proceedings against M/s. Gupta Marriage Halls Pvt. Ltd. An Interlocutory Application (IA-3588/2021) was filed in the matter. The Tribunal had previously ordered the Respondents (M/s. Gupta Marriage Halls Pvt. Ltd.) to file a response to the IA within four weeks. The Respondents failed to comply with this order. The Respondents' counsel requested an extension of two weeks to comply. The Liquidator's counsel was present. The Tribunal granted the extension but warned that failure to comply within the extended time would result in forfeiture of the right to reply. The Respondents were also directed to provide all information/documents as already sought by the Liquidator in his request as mentioned in para 24 of the present
…Respondents were…
Tribunal granted Respondents two weeks to comply…