https://www.taxtmi.com/caselaws?id=443788 The petition was dismissed by the court due to the Petitioner's failure to avail the statutory remedy of appeal within the limitation period, rendering the NCLT order final. The court found the Petitioner's justification for not appealing inadequate, denied the Petitioner's claim as an unsecured creditor under the IBC, upheld NCLT Mumbai's jurisdiction, and noted the impact of the NCLT order on pending PMLA appeal proceedings. Despite the request for exemplary costs, the court declined to impose any costs, ultimately dismissing the petition without costs. en-us Wed, 27 Sep 2023 00:00:00 +0530 Tue, 03 Oct 2023 08:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443788 The petition was dismissed by the court due to the Petitioner's failure to avail the statutory remedy of appeal within the limitation period, rendering the NCLT order final. The court found the Petitioner's justification for not appealing inadequate, denied the Petitioner's claim as an unsecured creditor under the IBC, upheld NCLT Mumbai's jurisdiction, and noted the impact of the NCLT order on pending PMLA appeal proceedings. Despite the request for exemplary costs, the court declined to impose any costs, ultimately dismissing the petition without costs. Case-Laws Insolvency and Bankruptcy Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443788