The case involves an application under Section 7 of the IBC, 2016, filed by financial creditors against a corporate debtor. Several interim applications were filed by the Resolution Professional concerning the constitution of the Committee of Creditors, appointment of an Authorized Representative for home buyers, and confirmation of the Resolution Professional.
The National Company Law Tribunal, Jaipur Bench, heard several interim applications in the matter of Shakuntala Joshi & Ors. versus M/s Hyper Techno Buildmart Pvt. Ltd. The proceedings were conducted through a web-based video conferencing platform. The primary application was filed Under Section 7 of IBC, 2016 by the financial creditors against the corporate debtor. During the hearing for IA No. 194/JPR/2022, it was noted that Respondent Nos. 1 & 2 were not appearing despite the Resolution Professional being directed to adopt substituted service by publishing notices in two daily newspapers. An affidavit confirming this publication was filed, but the respondents still showed no interest in participating. Consequently, the NCLT decided to issue bailable
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The case involves an application under Section 7 of the IBC, 2016, filed by financial creditors against a corporate debtor. Several interim applications were filed by the Resolution Professional concerning the constitution of the Committee of Creditors, appointment of an Authorized Representative for home buyers, and confirmation of the Resolution Professional.
The National Company Law Tribunal, Jaipur Bench, heard several interim applications in the matter of Shakuntala Joshi & Ors. versus M/s Hyper Techno Buildmart Pvt. Ltd. The proceedings were conducted through a web-based video conferencing platform. The primary application was filed Under Section 7 of IBC, 2016 by the financial creditors against the corporate debtor. During the hearing for IA No. 194/JPR/2022, it was noted that Respondent Nos. 1 & 2 were not appearing despite the Resolution Professional being directed to adopt substituted service by publishing notices in two daily newspapers. An affidavit confirming this publication was filed, but the respondents still showed no interest in participating. Consequently, the NCLT decided to issue bailable
…The date on which the…
The date on which the bailable warrants…