M/s. Modland Wears Pvt. Ltd. filed a petition against M/s. Gurudev Financial Services Pvt. Ltd. under Section 7 of the IBC Code, 2016. The court heard submissions from the Proxy Counsel for the Financial Creditor and directed the Financial Creditor's counsel to appear on the next hearing date to provide a comprehensive background of the matter. The court also directed the Financial Creditor's counsel to inform the Corporate Debtor and its counsel to appear on the next hearing date. The Court Officer was instructed to serve e-notices to both the Financial Creditor and the Corporate Debtor. Failure to appear on the next hearing date would result in the dismissal of the matter. The next hearing was scheduled for 20.05.2022.

M/s. Modland Wears Pvt. Ltd. filed a petition against M/s. Gurudev Financial Services Pvt. Ltd. under Section 7 of the IBC Code, 2016. The court heard submissions from the Proxy Counsel for the Financial Creditor and directed the Financial Creditor's counsel to appear on the next hearing date to provide a comprehensive background of the matter. The court also directed the Financial Creditor's counsel to inform the Corporate Debtor and its counsel to appear on the next hearing date. The Court Officer was instructed to serve e-notices to both the Financial Creditor and the Corporate Debtor. Failure to appear on the next hearing date would result in the dismissal of the matter. The next hearing was scheduled for 20.05.2022.