2023 (3) TMI 164 - Tri - Insolvency and Bankruptcy

Unable to give a date or proof, on which the reply was filed to the section 7 petition - HELD THAT - It is found from the DMS that it is still continues under scrutiny and the respondent has not chosen to rectify the defects so as to bring it on record. This shows the callous attitude on the part of the CD, as he in not defending the case hence we have no other option except to close the right of filing reply.

Summary

The National Company Law Tribunal, New Delhi Principal Bench, heard a case where the respondent failed to file a reply to a section 7 petition despite being served notice. The respondent's reply was not filed before the NCLT, and the respondent did not rectify the defects to bring it on record, leading to the closure of the right to file a reply. Arguments were heard, and the order was reserved.