In the matter of Mascot Suryapur LLP [CP(IB)-73(AHM)2024]
Case brief
What is this about?
The Tribunal dismissed the insolvency application as defective. The court found the statutory demand notice under Section 8 of the IBC was not served via registered post on the corporate debtor's registered address, rendering the application premature.
What did the court decide?
Application under Section 9 IBC was dismissed as defective and premature for failure to serve Section 8 notice via registered post.