In the matter of Omkar Realtors Pvt. Ltd. C.P.(IB)825-MB-2020
Case brief
What is this about?
The tribunal closed a section 7 application where the petitioner admitted the default amount was paid by the corporate debtor, rendering the petition without merit.
What the court decided
NATIONAL COMPANY LAW TRIBUNAL COURT-I, MUMBAI BENCH
Item 9 C.P.(IB)825/MB/2020
CORAM:
SH. SHYAM BABU GAUTAM JUSTICE P.N. DESHMUKH (Retd.) HON’BLE MEMBER (T) HON’BLE MEMBER (J)
HON’BLE MEMBER (J)
ORDER SHEET OF THE HEARING ON 16.11.2022
NAME OF THE PARTIES: -
Rajeev Singhal V/s Omkar Realtors Pvt Ltd.
Appearance (via video-conference): For Petitioner : Adv. Jesal Singh For Respondent : Adv Mohanish Chaudhari a/w Adv. Tanveer Vohra i/b Adv. Surendra Vishwakarma
Section 7 of IBC, 2016
___________________________________________________________________________ ORDER
Ld. Counsel for the parties are present. Ld. Counsel appearing for the Financial Creditor states across the bar that the, default amount has been paid by the Corporate Debtor. In view of the receipt of the payment, nothing survives in this Company Petition. Accordingly, Company Petition bearing C.P.(IB)825/MB/2020 stands closed. File be consigned to record.
Parties & counsel
- petitioner
Rajeev Singhal
- respondent
Omkar Realtors Pvt Ltd.
Coram
Shyam Babu Gautam
Case details
As recorded by the court registry
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