Tata Capital Financial Services Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a 'Financial Creditor'. They asserted a 'financial debt' of Rs. 3,64,31,988/- which they claimed was recoverable as per their books of accounts and was in default. However, the court noted that another petition by Bank of Baroda against the same Corporate Debtor, Amrapali Infrastructure Private Limited, had already been admitted. This fact was crucial because the law does not allow multiple Corporate Insolvency Processes against the same corporate debtor simultaneously.

Tata Capital Financial Services Ltd. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a 'Financial Creditor'. They asserted a 'financial debt' of Rs. 3,64,31,988/- which they claimed was recoverable as per their books of accounts and was in default. However, the court noted that another petition by Bank of Baroda against the same Corporate Debtor, Amrapali Infrastructure Private Limited, had already been admitted. This fact was crucial because the law does not allow multiple Corporate Insolvency Processes against the same corporate debtor simultaneously.