https://www.taxtmi.com/caselaws?id=294852 The National Company Law Tribunal, Kolkata Bench, considered setting aside an ex parte order due to notice service failure upon the Corporate Debtor. Despite finding the reasons unsatisfactory, the Tribunal allowed the application on the condition that a cost of Rs. 1 Lakh be paid to the Operational Creditor within 10 days, along with filing a reply affidavit. Failure to comply would result in dismissal. If requirements were met, the Operational Creditor had 7 days to file a rejoinder. The Tribunal stressed the importance of proper notice service and adherence to procedural requirements in legal proceedings. The case was scheduled for a hearing on 03/02/2020. en-us Fri, 17 Jan 2020 00:00:00 +0530 Thu, 06 May 2021 08:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294852 The National Company Law Tribunal, Kolkata Bench, considered setting aside an ex parte order due to notice service failure upon the Corporate Debtor. Despite finding the reasons unsatisfactory, the Tribunal allowed the application on the condition that a cost of Rs. 1 Lakh be paid to the Operational Creditor within 10 days, along with filing a reply affidavit. Failure to comply would result in dismissal. If requirements were met, the Operational Creditor had 7 days to file a rejoinder. The Tribunal stressed the importance of proper notice service and adherence to procedural requirements in legal proceedings. The case was scheduled for a hearing on 03/02/2020. Case-Laws Companies Law Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294852