NCLT Dismisses SBI Factors Insolvency Petition Against RAS Polypack

NCLT Indore dismisses SBI Factors' Section 9 IBC application against RAS Polypack Pvt Ltd for want of prosecution.
Applicant SBI Factors repeatedly failed to appear for hearings on multiple dates including the final hearing.
The operational creditor sought initiation of CIRP for alleged default in payment of operational debt.
Tribunal dismissed case CP(IB)/73(MP)2025 after respondent's counsel objected to non-prosecution.