Dismissed
In the matter of Kailash Parbat Hospitality Pvt. Ltd. C.P. (IB)-288(MB)2021
Case brief
AI extract
What is this about?
The National Company Law Tribunal Mumbai Bench dismissed the insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, holding that the claim amount fell below the threshold limit prescribed by the Ministry of Corporate Affairs Notification dated 24.03.2020.
What did the court decide?
The Company Petition C.P. (IB)/288(MB)2021 is dismissed with no cost.