The case involves a petition filed by Ashok Fuels Station, the operational creditor, against Sanatan Logistics Private Limited, the corporate debtor, under Section 9 of the IBC 2016. The registry was directed to issue notice to the learned counsel for the petitioner, but there was no representation on behalf of the petitioner for several hearing dates. On April 1, 2022, learned proxy counsel for the petitioner submitted that parties have arrived at a settlement and requested time to place the settlement agreement on record.
Ashok Fuels Station, the operational creditor, filed a petition against Sanatan Logistics Private Limited, the corporate debtor, under Section 9 of the IBC 2016. The registry was directed to issue notice to the petitioner's counsel. There was no representation from the petitioner in several hearings. On April 1, 2022, the petitioner's proxy counsel stated that the parties had reached a settlement and requested time to place the settlement agreement on record. However, on the day of the order, there was still no representation on behalf of the petitioner. Due to the petitioner's absence and lack of interest in prosecuting the petition, the court dismissed the petition for want of prosecution. The key fact is the persistent absence of the petitioner or their counsel,
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Registry was directed…
Learned proxy counsel for the petitioner…
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The case involves a petition filed by Ashok Fuels Station, the operational creditor, against Sanatan Logistics Private Limited, the corporate debtor, under Section 9 of the IBC 2016. The registry was directed to issue notice to the learned counsel for the petitioner, but there was no representation on behalf of the petitioner for several hearing dates. On April 1, 2022, learned proxy counsel for the petitioner submitted that parties have arrived at a settlement and requested time to place the settlement agreement on record.
Ashok Fuels Station, the operational creditor, filed a petition against Sanatan Logistics Private Limited, the corporate debtor, under Section 9 of the IBC 2016. The registry was directed to issue notice to the petitioner's counsel. There was no representation from the petitioner in several hearings. On April 1, 2022, the petitioner's proxy counsel stated that the parties had reached a settlement and requested time to place the settlement agreement on record. However, on the day of the order, there was still no representation on behalf of the petitioner. Due to the petitioner's absence and lack of interest in prosecuting the petition, the court dismissed the petition for want of prosecution. The key fact is the persistent absence of the petitioner or their counsel,
…Registry was directed…
Learned proxy counsel for the petitioner…
Sign in to view related legal provisions.