An application was filed by the Operational Creditor seeking restoration of a Company Petition that was previously dismissed as infructuous.
The Operational Creditor filed Rst.A.:06(MB)/2022 seeking restoration of CP(IB)/503(MB)/2021.
The main Company Petition CP(IB)/503(MB)/2021 was dismissed as infructuous on 25.08.2021 because CIRP had already been initiated against the Corporate Debtor in CP(IB)-3221/MB/2019.
The CIRP initiated in CP(IB)-3221/MB/2019 was set aside, and the petition was dismissed as withdrawn under Section 12A due to an amicable settlement.
The court allowed Rst.A.:06(MB)/2022 and restored CP(IB)/503(MB)/2021.
The registry was directed to issue a court notice to the Corporate Debtor indicating the next hearing date.
The matter is listed for further consideration on 13.09.2022.
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The main Company…
Order was pas…
An application was filed by the Operational Creditor seeking restoration of a Company Petition that was previously dismissed as infructuous.
The Operational Creditor filed Rst.A.:06(MB)/2022 seeking restoration of CP(IB)/503(MB)/2021.
The main Company Petition CP(IB)/503(MB)/2021 was dismissed as infructuous on 25.08.2021 because CIRP had already been initiated against the Corporate Debtor in CP(IB)-3221/MB/2019.
The CIRP initiated in CP(IB)-3221/MB/2019 was set aside, and the petition was dismissed as withdrawn under Section 12A due to an amicable settlement.
The court allowed Rst.A.:06(MB)/2022 and restored CP(IB)/503(MB)/2021.
The registry was directed to issue a court notice to the Corporate Debtor indicating the next hearing date.
The matter is listed for further consideration on 13.09.2022.
The main Company…
Order was pas…