https://www.taxtmi.com/caselaws?id=275178 The National Company Law Tribunal, Mumbai dismissed the Recall and Restoration Application seeking to set aside the order of dismissal for default in a company petition under section 9 of the Insolvency and Bankruptcy Code. Despite arguments based on procedural rules and precedents, the Tribunal emphasized adherence to statutory time limits, ultimately denying the restoration application. The Petitioner was advised to explore alternative legal remedies, highlighting the importance of complying with prescribed timelines in processing company petitions under the Code. en-us Tue, 14 Mar 2017 00:00:00 +0530 Fri, 21 Sep 2018 08:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275178 The National Company Law Tribunal, Mumbai dismissed the Recall and Restoration Application seeking to set aside the order of dismissal for default in a company petition under section 9 of the Insolvency and Bankruptcy Code. Despite arguments based on procedural rules and precedents, the Tribunal emphasized adherence to statutory time limits, ultimately denying the restoration application. The Petitioner was advised to explore alternative legal remedies, highlighting the importance of complying with prescribed timelines in processing company petitions under the Code. Case-Laws Companies Law Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275178