Court Rules: No Second Chance for Parties Who Miss Scheduled Hearings in Corporate Insolvency Cases.

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....Transfer Appeal - Territorial Jurisdiction to initiate CIRP against Corporate Debtor - Conferment of Jurisdiction - A person who is not vigilant and has been duly served will not be qualified to pray for a second opportunity. A Court of Law is not under an obligation to issue Fresh Notic to the parties concerned when a party does not appear before the Court on the day of posting. - AT....