This is an application filed under Rule 49(2) read with Rule 11 of the National Company Law Tribunal Rules, 2016, for setting aside the ex-parte order dated 18/11/2022 passed in IB-393/(ND)/2022.
An application was filed to set aside the ex-parte order dated 18.11.2022 passed in IB-393/(ND)/2022.
The main Company Petition IB–393/(ND)/2022 was filed by the Operational Creditor.
The Corporate Debtor transferred Rs. 30,00,000/- to the Operational Creditor in the month of September as part of a settlement.
The Corporate Debtor's authorized person joined the matter virtually on 18.11.2022, but the appearance was not recorded due to unstable internet connectivity, leading to the ex-parte order.
The Tribunal allowed the application subject to a cost of Rs. 25,000/- to be deposited by the Applicant (MAV Steels Private Limited).
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Ex-parte order…
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This is an application filed under Rule 49(2) read with Rule 11 of the National Company Law Tribunal Rules, 2016, for setting aside the ex-parte order dated 18/11/2022 passed in IB-393/(ND)/2022.
An application was filed to set aside the ex-parte order dated 18.11.2022 passed in IB-393/(ND)/2022.
The main Company Petition IB–393/(ND)/2022 was filed by the Operational Creditor.
The Corporate Debtor transferred Rs. 30,00,000/- to the Operational Creditor in the month of September as part of a settlement.
The Corporate Debtor's authorized person joined the matter virtually on 18.11.2022, but the appearance was not recorded due to unstable internet connectivity, leading to the ex-parte order.
The Tribunal allowed the application subject to a cost of Rs. 25,000/- to be deposited by the Applicant (MAV Steels Private Limited).
Ex-parte order…
Order pronounced allowing the application to…
Sign in to view related legal provisions.