The case involves a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor, BOP Projects (P) Ltd. However, a similar petition against the same corporate debtor has already been admitted in another case, Govind Ram & Ors. Vs BOP Projects Pvt. Ltd., [(IB)-526(ND)/2017], vide order dated 13.04.2018.
Somnath Nandi & Ors. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against BOP Projects (P) Ltd. However, it was discovered that a similar petition against the same corporate debtor, BOP Projects (P) Ltd., had already been admitted in the case of Govind Ram & Ors. Vs BOP Projects Pvt. Ltd., [(IB)-526(ND)/2017], with an order dated 2018-04-13. Section 11 of the Code prohibits initiating another Corporate Insolvency Resolution Process against a corporate debtor already undergoing one. The petitioners are entitled to file their claim before the Insolvency Professional, Mr. Kanwal Chaudhary.
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Order passed in Govind Ram & Ors. Vs BOP…
Order delivered dismissing the petition…
The case involves a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against a corporate debtor, BOP Projects (P) Ltd. However, a similar petition against the same corporate debtor has already been admitted in another case, Govind Ram & Ors. Vs BOP Projects Pvt. Ltd., [(IB)-526(ND)/2017], vide order dated 13.04.2018.
Somnath Nandi & Ors. filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 against BOP Projects (P) Ltd. However, it was discovered that a similar petition against the same corporate debtor, BOP Projects (P) Ltd., had already been admitted in the case of Govind Ram & Ors. Vs BOP Projects Pvt. Ltd., [(IB)-526(ND)/2017], with an order dated 2018-04-13. Section 11 of the Code prohibits initiating another Corporate Insolvency Resolution Process against a corporate debtor already undergoing one. The petitioners are entitled to file their claim before the Insolvency Professional, Mr. Kanwal Chaudhary.
Order passed in Govind Ram & Ors. Vs BOP…
Order delivered dismissing the petition…