In an insolvency application filed in 2020 under Section 7 of the IBC, the Tribunal admitted that the applicant's counsel was not inclined to pursue the matter. Consequently, the Tribunal dismissed the petition for non-prosecution.
Petition filed under Section 7 of IBC dismissed for non-prosecution.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH
COURT – IV
C.P.(IB)/628(MB)/2020
CORAM:
SHRI PRABHAT KUMAR SHRI KISHORE VEMULAPALLI MEMBER (Technical) MEMBER (Judicial)
ORDER SHEET OF THE HEARING HELD ON 10.01.2023
NAME OF THE PARTIES: Indus Container Lines Pvt. Ltd. Vs Virat Global Logistics Pvt. Ltd.
SECTION: 7 OF INSOLVENCY AND BANKRUPTCY CODE, 2016.
O R D E R
The Court is convened through Video Conference.
Sd/- Sd/- PRABHAT KUMAR KISHORE VEMULAPALLI Member (Technical) Member (Judicial)
10.01.2023 / pvs
1 issue framed by the court
Whether to proceed with the Corporate Insolvency Resolution Process application filed under Section 7 IBC given the non-prosecution by the applicant.
1 provisions across 1 enactments
Indus Container Lines Pvt. Ltd.
Virat Global Logistics Pvt. Ltd.
PRABHAT KUMAR
KISHORE VEMULAPALLI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
