The bankruptcy court in Mumbai has recently dismissed an insolvency petition filed against Dentsu Communication India, citing a lack of evidence of operational debt and raising concerns over allegedly ‘fraudulent transactions’ involving the company’s former employees and third-party vendors.
The Mumbai bench of the National Company Law Tribunal (NCLT) passed this order in an application filed by Rohit Plastopack Pvt Ltd against Dentsu Communication India, alleging default of about Rs 5.42 crore.
“The applicant (Rohit Plastopack) has failed to produce any documentary evidence, such as weighbridge slips, delivery…
