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2020 (9) TMI 555 - HC - Insolvency and BankruptcyValidity of order passed by NCLT - by the order it was mandated that no new petition would be entertained in the National Company Law Tribunal without record of default under Section 7 of IBC, 2016 - respondents submit that order dated 12.05.2020 was modified by a notification dated 13.08.2020 - HELD THAT:- The notification of 12.05.2020 has been struck down by the Calcutta High Court - The notification dated 13.08.2020 reiterated the notification of 12.05.2020 issued by NCLT, however modified it to the limited extent that the default record would be filed wherever available with the Information Utility. 9. Learned counsel for the respondent informed that by a subsequent Notification dated 07.09.2020, Notification dated 13.08.2020 modifying the earlier Notification dated 12.05.2020, which had been struck down by the Kolkata High Court, has been withdrawn - Since the Notification dated 12.05.2020 has been struck down by the Kolkata High Court and Notification dated 13.08.2020 has been withdrawn by the respondent vide Notification dated 07.09.2020, learned counsel for the petitioner further submits that nothing further survives in this petition and accordingly he seeks leave to withdraw the petition. Petition dismissed as withdrawn.
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