Disposed
Nanik G Sachdev v. Nil
Madras HCIP/26/2022
Case brief
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What is this about?
An insolvency petition was filed by the petitioner. The Official Assignee opposed it claiming lack of cooperation and motive to avail legal benefits. The court granted an adjournment at the petitioner's request to a later date for final orders.
What did the court decide?
Adjournment to 12.04.2024 for orders.
What the court decided
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¶1
I.P.No.26 of 2022 KRISHNAN RAMASAMY, J.,
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This Insolvency Petition has been filed to adjudicate the petitioner as insolvent.
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- The learned Official Assignee would submit that there was no co-operation from the petitioner since the date of filing of this petition. Further he would submit that the petitioner has filed the present petition only to avail the benefits under the provisions of Law. Therefore, he requests this Court to dismiss the present petition in terms of Section 15(3) of the Presidency Town Insolvency Act, 1909.
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- However, the learned counsel for the petitioner seeks for one last opportunity.
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- Hence, at request of the learned counsel for the petitioner, post this matter on 12.04.2024 for orders.
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05.04.2024
¶7
nsa
Issues for consideration
1 issue framed by the court
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Whether to admit a plea of superficial filing of an insolvency petition and grant an adjournment for reconsideration.
Parties & counsel
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- respondent
Official Assignee
Coram
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KRISHNAN RAMASAMY
Case details
As recorded by the court registry
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