The case involves an application (IA/4429/2022) moved for seeking dismissal of the main IB-250/ND/2022 under Rule 11 of NCLT Rules, 2016. The Adjudicating Authority noted that the Corporate Debtor, instead of addressing defects in their reply and getting it listed on the Tribunal's e-portal, filed the present application.
Naresh Kumar filed a case against M/s. International Land Developers Pvt. Ltd. under Section 7 of the IBC. The Corporate Debtor's proxy counsel made submissions. The Financial Creditor's counsel was present. The Corporate Debtor filed an application (IA/4429/2022) seeking dismissal of the main insolvency petition (IB-250/ND/2022) under Rule 11 of the NCLT Rules, 2016, instead of rectifying defects in their reply and getting it listed on the Tribunal's e-portal. The Adjudicating Authority found no provision in the IBC, 2016 to entertain such an application.
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Order delivered on the application…
Main matter (IB-250/ND/2…
The case involves an application (IA/4429/2022) moved for seeking dismissal of the main IB-250/ND/2022 under Rule 11 of NCLT Rules, 2016. The Adjudicating Authority noted that the Corporate Debtor, instead of addressing defects in their reply and getting it listed on the Tribunal's e-portal, filed the present application.
Naresh Kumar filed a case against M/s. International Land Developers Pvt. Ltd. under Section 7 of the IBC. The Corporate Debtor's proxy counsel made submissions. The Financial Creditor's counsel was present. The Corporate Debtor filed an application (IA/4429/2022) seeking dismissal of the main insolvency petition (IB-250/ND/2022) under Rule 11 of the NCLT Rules, 2016, instead of rectifying defects in their reply and getting it listed on the Tribunal's e-portal. The Adjudicating Authority found no provision in the IBC, 2016 to entertain such an application.
Order delivered on the application…
Main matter (IB-250/ND/2…