2019 (8) TMI 1673 - Tri - Insolvency and Bankruptcy

Seeking time for filing rejoinder by submitting that the reply was served to the petitioner only on 26.08.2019 - HELD THAT - Such a casual attitude of the learned counsel for the petitioner cannot be accepted. If the learned counsel for the petitioner wanted to seek some time for filing rejoinder he could have requested the Tribunal at the threshold itself. After consuming valuable time of the Tribunal at the end one cannot seek time for completion of the pleadings. In the interest of justice grant two weeks time granted to the petitioner for filing rejoinder with copy advance to the counsel opposite subject to deposit of Rs. 20, 000/- as costs payable to the Prime Minister National Relief Fund. The matter is adjourned to 01.10.2019.

Summary

The National Company Law Tribunal, Chandigarh heard arguments from both parties. The petitioner's counsel sought time for filing a rejoinder after the respondent's arguments were completed. The Tribunal granted two weeks for filing the rejoinder, with a cost of Rs. 20,000 payable to the Prime Minister National Relief Fund. Adjourned to 01.10.2019.