The case involves an application under Section 9 of the IBC. The Liquidator seeks adjournment, stating that the arguing counsel is unavailable. The application is from 2021 and is not being attended to by the Liquidator. An order dated 14.07.2022 records that the Liquidator had undertaken to file a list of dates and events, which has not been done. The Income Tax counsel was directed to comply with an order dated 09.06.2022, and they state they have complied and served a copy to the Liquidator. The matter was listed on 30.09.2022, but no one appeared for the applicant. On 17.11.2022, the matter was adjourned due to a lack of time, and the applicant's appearance was not recorded.
An application under Section 9 of the IBC is being heard. The Liquidator requested an adjournment because the arguing counsel was unavailable. The application dates back to 2021. The Liquidator had previously undertaken to file a list of dates and events by 14.07.2022, but failed to do so. The Income Tax counsel was directed to comply with an order dated 09.06.2022 and claims to have served a copy to the Liquidator. The applicant was absent on 30.09.2022. The matter was adjourned on 17.11.2022 due to time constraints. The court is concerned about the Liquidator's negligence in pursuing the application for closure of the liquidation process, which has been pending for over a year. The relevance of the facts lies in demonstrating the Liquidator's lack of diligence and
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Income Tax cou…
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The case involves an application under Section 9 of the IBC. The Liquidator seeks adjournment, stating that the arguing counsel is unavailable. The application is from 2021 and is not being attended to by the Liquidator. An order dated 14.07.2022 records that the Liquidator had undertaken to file a list of dates and events, which has not been done. The Income Tax counsel was directed to comply with an order dated 09.06.2022, and they state they have complied and served a copy to the Liquidator. The matter was listed on 30.09.2022, but no one appeared for the applicant. On 17.11.2022, the matter was adjourned due to a lack of time, and the applicant's appearance was not recorded.
An application under Section 9 of the IBC is being heard. The Liquidator requested an adjournment because the arguing counsel was unavailable. The application dates back to 2021. The Liquidator had previously undertaken to file a list of dates and events by 14.07.2022, but failed to do so. The Income Tax counsel was directed to comply with an order dated 09.06.2022 and claims to have served a copy to the Liquidator. The applicant was absent on 30.09.2022. The matter was adjourned on 17.11.2022 due to time constraints. The court is concerned about the Liquidator's negligence in pursuing the application for closure of the liquidation process, which has been pending for over a year. The relevance of the facts lies in demonstrating the Liquidator's lack of diligence and
…Income Tax cou…
Order records…