The case pertains to a company petition/application filed under CP(IB) No. 542/9/HDB/2018 before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petitioner is Misri Rasayan's and the respondent is Acaricide India Pvt Ltd. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
The case involves a petition filed by Misri Rasayan's against Acaricide India Pvt Ltd under Section 9 of the IBC. An IRP was already appointed in CP(IB)No.540/9/HDB/2018, where Acaricide India Pvt Ltd is also the respondent. The Operational Creditor representing the petitioner was present. The court noted that the respondent in both cases is the same. The relevance of these facts is that the court is trying to avoid parallel insolvency proceedings and consolidate the claims against the corporate debtor under the existing IRP.
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Company Petition/Applica…
Hearing he…
The case pertains to a company petition/application filed under CP(IB) No. 542/9/HDB/2018 before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petitioner is Misri Rasayan's and the respondent is Acaricide India Pvt Ltd. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
The case involves a petition filed by Misri Rasayan's against Acaricide India Pvt Ltd under Section 9 of the IBC. An IRP was already appointed in CP(IB)No.540/9/HDB/2018, where Acaricide India Pvt Ltd is also the respondent. The Operational Creditor representing the petitioner was present. The court noted that the respondent in both cases is the same. The relevance of these facts is that the court is trying to avoid parallel insolvency proceedings and consolidate the claims against the corporate debtor under the existing IRP.
Company Petition/Applica…
Hearing he…