Dismissed
In the matter of Vatsalya Builders And Developers Private Limited C.P. (IB)-711(MB)2022
Case brief
AI extract
What is this about?
A company petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 was dismissed by the NCLT Mumbai Bench as it was filed below the threshold limit specified by a Ministry of Corporate Affairs Notification dated 24.03.2020, rendering it not maintainable.
What did the court decide?
The company petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 is dismissed with no cost.