Petitioner's Application Dismissed with Cost and Fund Deposit Order

The National Company Law Tribunal, Kolkata dismissed the petitioner's application, imposing a cost of Rs. 5,000 and directing the party to deposit the amount in the Central Army Welfare Fund before further hearing of the main case. The petitioner's attempt to direct the Bench to pass the order as per their convenience was deemed a grave abuse of process of law.

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The National Company Law Tribunal, Kolkata dismissed the application IA 276/KB/2017 filed by the petitioner, imposing a cost of Rs. 5,000 and directing the party to deposit the amount in the Central Army Welfare Fund before further hearing of the main C.P. The petitioner's attempt to direct the Bench to pass the order in I.A. 190/2017 as per their convenience was deemed a grave abuse of process of law.

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