The Tribunal dismissed the application for initiation of Corporate Insolvency Resolution Process. Since a settlement was reached and neither party attended the final hearing, the matter was closed as proceedings could not be pulled indefinitely.
CP(IB)-2945(MB)/2019 is dismissed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH
COURT – IV
CORAM:
SHRI RAJESH SHARMA SMT. SUCHITRA KANUPARTHI MEMBER (Technical) MEMBER (Judicial)
ORDER SHEET OF THE HEARING HELD ON 15.07.2021
NAME OF THE PARTIES: Jai Mata Di Trading Co. v/s. Toughcons Realtors Pvt. Ltd.
SECTION: 9 OF INSOLVENCY AND BANKRUPTCY CODE, 2016.
O R D E R
The Court is convened through Video Conference.
CP(IB)-2944(MB)/2019
: 2 :
of Rs.7.0 lakh, have been paid by the Corporate Debtor and sought some time to verify the same. Thereafter the matter was listed on 09.03.2021 but nobody was present from either side. Today when the matter is called none present.
Sd/Sd/RAJESH SHARMA SUCHITRA KANUPARTHI Member (Technical) Member (Judicial)
1 issue framed by the court
Whether the Corporate Insolvency Resolution Process initiated under Section 9 should be closed following a full and final settlement reached between the parties.
1 provisions across 1 enactments
Jai Mata Di Trading Co.
Toughcons Realtors Pvt. Ltd.
Rajesh Sharma
Suchitra Kanuparthi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
