The case pertains to C.P.(IB)-3007(MB)/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. It was brought to the court's notice that CIRP had already been initiated against the Corporate Debtor vide order dated 20.12.2019 in CP(IB)-4596(MB)/2018, and an IRP has been appointed.
Mittal Energies of India filed a petition against Agron India Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. Prior to the hearing of this petition, CIRP had already been initiated against Agron India Ltd. (the Corporate Debtor) vide order dated 20.12.2019 in CP(IB)-4596(MB)/2018. An Interim Resolution Professional (IRP) had also been appointed in the earlier CIRP. The court noted that the current petition, C.P.(IB)-3007(MB)/2018, had become infructuous as a result of the prior CIRP initiation. The Operational Creditor was granted liberty to file its claim before the IRP already appointed.
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CIRP initiated against the Corporate…
Hearing held on 10.01.2020, where the court…
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The case pertains to C.P.(IB)-3007(MB)/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. It was brought to the court's notice that CIRP had already been initiated against the Corporate Debtor vide order dated 20.12.2019 in CP(IB)-4596(MB)/2018, and an IRP has been appointed.
Mittal Energies of India filed a petition against Agron India Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. Prior to the hearing of this petition, CIRP had already been initiated against Agron India Ltd. (the Corporate Debtor) vide order dated 20.12.2019 in CP(IB)-4596(MB)/2018. An Interim Resolution Professional (IRP) had also been appointed in the earlier CIRP. The court noted that the current petition, C.P.(IB)-3007(MB)/2018, had become infructuous as a result of the prior CIRP initiation. The Operational Creditor was granted liberty to file its claim before the IRP already appointed.
CIRP initiated against the Corporate…
Hearing held on 10.01.2020, where the court…
Sign in to view related legal provisions.