In the matter of Madhucon Granites Ltd. Ia(Ibc) 585 & 586-2022 in Cp(Ib) No. 13-7-HDB-2021
Case brief
What is this about?
The NCLT, Hyderabad Bench allowed an application seeking to set aside an earlier order that forfeited the applicant's right to file a counter-affidavit in a corporate insolvency petition. The Court set aside the forfeiture order but conditioned it on the applicant paying costs of Rs. 10,000. In a separate application regarding the same proceedings, the Court dismissed an attempt to file additional counter-affidavits on grounds other than the administrator's representation, declaring the previous order final and regarding modification impermissible.
What did the court decide?
The order dated 23.02.2022 setting aside the right to file counter was set aside, conditional upon the applicant paying costs of Rs. 10,000 to the Bar Association within 3 days. In the second application, leave to file additional counter-affidavits on grounds other than administrator representation was denied.