Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + HC Insolvency and Bankruptcy - 2020 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (12) TMI 155 - GUJARAT HIGH COURTReturn of Demand Draft - validity of the said demand draft has expired after not being encashed by the opponent - main petition was withdrawn - present petition is filed by the Director of the respondent No. 2 company - HELD THAT:- Apart from the fact that there was no order sought at the time of withdrawal of the said petition by the learned Advocate for the petitioner with regard to the said demand draft furnished on behalf of the respondent No. 2 Company (original petitioner), as rightly submitted by the learned Advocate Mr. Dossani appearing for the respondent Canara Bank, the applicant who claims to be the Director for the respondent No. 2 Company would not have any locus standi to file the present application, more particularly when the management of the respondent no. 2 Company has already been suspended in view of the order passed by the NCLT in Company petition (IB) No. 299 of 2018, and the Resolution Professional is the only competent person to represent the Company. The present application is dismissed as being not maintainable and the applicant being not competent to file the present application.
|