2018 (8) TMI 1990 - Tri - Insolvency and Bankruptcy

Non-service of petition - HELD THAT - In a situation where at the very threshold debt in question has been disputed by the alleged Debtor and the Petition is not complete in all respect, as communicated on the last occasion and that Petitioner is not serious in contesting, this Petition. Petition is dismissed on the ground of non prosecution.

Summary

The National Company Law Tribunal, Mumbai dismissed the petition due to non-prosecution as the alleged debtor disputed the debt and the petitioner was not serious in contesting the case. The petition was not complete and was disposed of.