2024 (3) TMI 1290

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....rity has dismissed the application filed by the Appellant due to non-compliance of order dated 11.08.2022 and 05.12.2022. The application was filed by the Appellant under Section 7 against the Corporate Debtor claiming default of Rs.10,92,05,184/-. On 01.07.2022 notices were issued by the Adjudicating Authority. The Adjudicating Authority on 11.08.2022 directed for publication of notice in two leading newspapers. Learned counsel for the Appellant submits that Affidavit of service was also filed. Subsequently, on 16.09.2022, Respondent appeared through counsel and were granted 10 days' time to file vakalatnama and counter affidavit. On 05.12.2022, the Adjudicating Authority again issued fresh notice to the Respondents and directed the Appell....

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....on in two leading newspapers, one in English and one in Hindi language, widely circulated in the areas where the respondents are residing and their Registered offices are situated and file the proof of service and affidavit of service within three weeks. List the matter on 16.9.2022." 4. On subsequent date, the counsel appeared on behalf of the Corporate Debtor and was granted 10 days' time to file vakalatnama and counter affidavit, which order dated 16.09.2022 is as follows: "ORDER Heard Mr. Harshal Kumar, Ld. Counsel appearing on behalf of the Financial Creditor. Mr. R. Akshay Dhawan, Ld. Counsel appearing on behalf of the Corporate Debtor seeks and granted 10 days' time to file Vakalatnama and c....