Dee Plone Polyester Pvt. Ltd. v. Apna Sahakari Bank Ltd.
Case brief
What is this about?
Maintainability of commercial arbitration petition in face of CIRP: NCLT Mumbai order dated 2 September 2025 admitted Company Petition against petitioner Dee Plone Polyester Pvt. Ltd., appointed Insolvency Resolution Professional, initiated Corporate Insolvency Resolution Proceedings; Apna Sahakari Bank holds 40% Committee of Creditors share and will not permit Resolution Professional to prosecute; petitioner unrepresented; Bombay HC (Sandeep V. Marne, J., 06.11.2025) listed petition 'for dismissal' on 10 November 2025; no final disposition.
What did the court decide?
Since nobody had appeared on behalf of the Petitioner, the Court directed the Petition to be listed under caption 'for dismissal' on 10 November 2025; no substantive decision on maintainability was taken in this order. ¶9