Surya Electro Controls, the Operational Creditor, filed a company petition against Emerald Lands (India) Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. The CIR process was initiated against Emerald Lands on 02.01.2020. The Operational Creditor is directed to file its claim with the Interim Resolution Professional (IRP). The Operational Creditor retains the right to revive the petition if a compromise is reached between the Corporate Debtor and other creditors, or if the order dated 02.01.2020 is set aside in appeal. The petition is disposed of, subject to the conditions mentioned.

Surya Electro Controls, the Operational Creditor, filed a company petition against Emerald Lands (India) Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. The CIR process was initiated against Emerald Lands on 02.01.2020. The Operational Creditor is directed to file its claim with the Interim Resolution Professional (IRP). The Operational Creditor retains the right to revive the petition if a compromise is reached between the Corporate Debtor and other creditors, or if the order dated 02.01.2020 is set aside in appeal. The petition is disposed of, subject to the conditions mentioned.