The National Company Law Tribunal, Mumbai Bench, dismissed a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, for non-prosecution due to the continuous absence of the petitioner despite multiple opportunities to appear.
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NATIONAL COMPANY LAW TRIBUNAL,
MUMBAI BENCH
COURT- V
CORAM:
SMT. ANURADHA SANJAY BHATIA SHRI H. V. SUBBA RAO Member (Technical) Member (Judicial)
SHRI H. V. SUBBA RAO
ORDER SHEET OF THE HEARING OF MUMBAI BENCH OF THE NATIONAL COMPANY LAW TRIBUNAL ON 19.09.2022.
NAME OF THE PARTIES: Om TradeCorp
VS
Hatdia Builders Pvt. Ltd.
UNDER SECTION 9 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016
ORDER
None appeared on behalf of Petitioner. Ms. Riya Thakkar, Advocate appearing on behalf of Corporate Debtor is present through virtual hearing. It has been observed that the petitioner is absent not only today but also on previous occasion on 21.02.2022. Thereafter the matter could not be taken up due to paucity of time. On 29.08.2022 also the petitioner was absent. The continuous absence of the petitioner clearly shows that the petitioner is not interested in prosecuting the above Petition. Accordingly, the above Company Petition is dismissed for non-prosecution.
SD/-
SD/-
ANURADHA SANJAY BHATIA H. V. SUBBA RAO Member (Technical) Member (Judicial)
/K/
Om TradeCorp
Anuradha Sanjay Bhatia
H. V. Subba Rao
As recorded by the court registry
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