The case pertains to a Company Petition bearing CP (IB) No. 969 of 2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter was called out for hearing on 29.09.2022. Neither the applicant nor the respondent was present during the hearing. The record indicates a lack of representation from either side since 11.01.2022.
The Company Petition CP (IB) No. 969 of 2019 was listed for hearing on 2022-09-29. Neither the applicant (Sterile India Private Limited) nor the respondent (Vexta Laboratories Private Limited) was present. The court noted the absence of representation from either side since 2022-01-11. The continuous absence of the Operational Creditor (Sterile India Private Limited) led the court to believe that the creditor was no longer inclined to pursue the claim. This absence is a key fact that influenced the court's decision to dismiss the petition.
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The case pertains to a Company Petition bearing CP (IB) No. 969 of 2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. The matter was called out for hearing on 29.09.2022. Neither the applicant nor the respondent was present during the hearing. The record indicates a lack of representation from either side since 11.01.2022.
The Company Petition CP (IB) No. 969 of 2019 was listed for hearing on 2022-09-29. Neither the applicant (Sterile India Private Limited) nor the respondent (Vexta Laboratories Private Limited) was present. The court noted the absence of representation from either side since 2022-01-11. The continuous absence of the Operational Creditor (Sterile India Private Limited) led the court to believe that the creditor was no longer inclined to pursue the claim. This absence is a key fact that influenced the court's decision to dismiss the petition.
No representat…
Hearing of the Company Petition CP (IB) No. 969…
Sign in to view related legal provisions.