This case involves a Restoration Application (RST.A (IBC)/05(MB)/2023) filed in C.P.(IB)/628(MB)/2020 under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking the restoration of a petition that was previously dismissed on 2023-01-10 due to non-prosecution. The applicant is Indus Container Lines Pvt. Ltd. and the respondent is Virat Global Logistics Pvt. Ltd.
Indus Container Lines Pvt. Ltd. filed a petition (CP(IB)-628/2020) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Virat Global Logistics Pvt. Ltd. The petition was dismissed on 2023-01-10 due to non-prosecution. Indus Container Lines Pvt. Ltd. then filed a Restoration Application (RST.A (IBC)/05(MB)/2023) seeking to restore the dismissed petition. The court heard the submissions of the counsel for the applicant.
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Petition CP(IB)-628/2020…
Hearing held on the…
This case involves a Restoration Application (RST.A (IBC)/05(MB)/2023) filed in C.P.(IB)/628(MB)/2020 under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking the restoration of a petition that was previously dismissed on 2023-01-10 due to non-prosecution. The applicant is Indus Container Lines Pvt. Ltd. and the respondent is Virat Global Logistics Pvt. Ltd.
Indus Container Lines Pvt. Ltd. filed a petition (CP(IB)-628/2020) under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Virat Global Logistics Pvt. Ltd. The petition was dismissed on 2023-01-10 due to non-prosecution. Indus Container Lines Pvt. Ltd. then filed a Restoration Application (RST.A (IBC)/05(MB)/2023) seeking to restore the dismissed petition. The court heard the submissions of the counsel for the applicant.
Petition CP(IB)-628/2020…
Hearing held on the…