2021 (9) TMI 1390 - Tri - Insolvency and Bankruptcy

Right to reply - seeking modification in order wherein Corporate Debtor was given 5 days time to file reply failing which right to file reply was to be closed - HELD THAT - Admittedly, the reply is not filed. Mr. Kalia, Learned Counsel for the Corporate Debtor states that the parties have principally agreed to settle the matter. The settlement documents are being exchanged and is hopefully to be executed. The Corporate Debtor wants to file reply, hence seeks to allow Corporate Debtor to file reply. Application allowed.

Summary

The Tribunal allowed the Corporate Debtor to file a reply within 3 days, despite missing the deadline, as parties are working on a settlement. The application was allowed and disposed of, with the matter listed for hearing on 07.10.2021.