Apace Transco Pvt Ltd filed an application against Flywheel Logistics Solutions Pvt Ltd under Section 9 of the Insolvency & Bankruptcy Code. Flywheel Logistics Solutions Pvt Ltd was already undergoing Corporate Insolvency Resolution Process (CIRP) under C.P. No. (IB)-1488(ND)/2018, which had been admitted on 02.09.2019. The applicant in the present application was directed to file their claim before the Interim Resolution Professional (IRP). The court clarified that if the order dated 02.09.2019 is set aside by the National Company Law Appellate Tribunal or by a Superior Court, the applicant would have the liberty to file an appropriate application for revival of the petition.

Apace Transco Pvt Ltd filed an application against Flywheel Logistics Solutions Pvt Ltd under Section 9 of the Insolvency & Bankruptcy Code. Flywheel Logistics Solutions Pvt Ltd was already undergoing Corporate Insolvency Resolution Process (CIRP) under C.P. No. (IB)-1488(ND)/2018, which had been admitted on 02.09.2019. The applicant in the present application was directed to file their claim before the Interim Resolution Professional (IRP). The court clarified that if the order dated 02.09.2019 is set aside by the National Company Law Appellate Tribunal or by a Superior Court, the applicant would have the liberty to file an appropriate application for revival of the petition.