The case involves an application under Section 9 of the Insolvency and Bankruptcy Code. The Operational Creditor filed a petition, CP(IB) No. 731 of 2019, before the Ahmedabad Bench of the National Company Law Tribunal (NCLT).
NJ Industries LLP filed a petition under Section 9 of the Insolvency and Bankruptcy Code against Dhanurdhar Processors Pvt Ltd. However, the court noted that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against Dhanurdhar Processors Pvt Ltd vide an order dated 05.06.2020 in CP(IB) No. 357 of 2018. This prior initiation of CIRP against the same corporate debtor is the key fact that influenced the court's decision.
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An order was passed to initiate the Corporate…
The NCLT Ahmedabad Bench passed an order…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code. The Operational Creditor filed a petition, CP(IB) No. 731 of 2019, before the Ahmedabad Bench of the National Company Law Tribunal (NCLT).
NJ Industries LLP filed a petition under Section 9 of the Insolvency and Bankruptcy Code against Dhanurdhar Processors Pvt Ltd. However, the court noted that a Corporate Insolvency Resolution Process (CIRP) had already been initiated against Dhanurdhar Processors Pvt Ltd vide an order dated 05.06.2020 in CP(IB) No. 357 of 2018. This prior initiation of CIRP against the same corporate debtor is the key fact that influenced the court's decision.
An order was passed to initiate the Corporate…
The NCLT Ahmedabad Bench passed an order…