2019 (7) TMI 1955 - Tri - Insolvency and Bankruptcy

Call notice to the Petitioners to pay the final call money - HELD THAT - When a Petition is pending and when this Bench has already dealt with the said issue, the Respondents are not expected to proceed further by giving a call notice. Whereby these Respondents are hereby directed not to proceed with in respect to the shares allotted in the year 2015 until further orders, with a peremptory direction to these respondents to file reply within 15 days hereof, failing which, this Company Petition will be decided looking at the averments and the material placed by the Petitioner. List this matter on 19.07.2019 for filing reply by other Respondents within 15 days thereof.

Summary

The Tribunal directed the Respondents to not proceed with the shares allotted in 2015 until further orders. Respondents were given 15 days to file a reply, failing which the Company Petition will be decided based on the Petitioner's averments and evidence. The Petitioner was instructed to provide proof of service to the remaining Respondents. The matter was listed for further action on 19.07.2019.