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        Case ID :
        Insolvency and Bankruptcy

        The Bombay High Court addressed non-compliance with Rule 28 of...

        Court Highlights Delays in Insolvency Cases Due to Rule 28 Non-Compliance; Stresses Timely Processing of Applications.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                The Bombay High Court addressed non-compliance with Rule 28 of the NCLT Rules, 2016 regarding timely registration and disposal of applications u/s 94 and 95 of the Insolvency and Bankruptcy Code, 2016. It noted extreme delays in compliance with objections and in declining matters for non-compliance, leading to unreasonable continuance of interim moratorium against personal guarantors. Applications were declined after significant delays, indicating prolonged moratorium periods. The court emphasized the importance of timely compliance with rules and dismissed the petition, highlighting the need to follow due process for refiled applications.
                                Note: It is a system-generated summary and is for quick reference only.
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