The case pertains to C.P. (IB)-4756/MB/2018 before the National Company Law Tribunal (NCLT), Mumbai Division. The order sheet reflects the hearing of the Mumbai bench of the NCLT. The matter involves GurukrupaScagholding as the petitioner and H & V Engineering & Construction Pvt. Ltd as the respondent. The case is filed under Section 9 of the Insolvency & Bankruptcy Code, 2016.
The case involves GurukrupaScagholding filing a petition against H & V Engineering & Construction Pvt. Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. During the hearing, it was reported that an insolvency petition had already been admitted against H & V Engineering & Construction Pvt. Ltd in C.P. No. 314/2019. Consequently, the NCLT directed GurukrupaScagholding to approach the IRP with their claim and dismissed the current petition as not pressed. The key fact is the existence of prior insolvency proceedings against the same corporate debtor, rendering the current petition redundant.
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Order sheet of the…
The case pertains to C.P. (IB)-4756/MB/2018 before the National Company Law Tribunal (NCLT), Mumbai Division. The order sheet reflects the hearing of the Mumbai bench of the NCLT. The matter involves GurukrupaScagholding as the petitioner and H & V Engineering & Construction Pvt. Ltd as the respondent. The case is filed under Section 9 of the Insolvency & Bankruptcy Code, 2016.
The case involves GurukrupaScagholding filing a petition against H & V Engineering & Construction Pvt. Ltd under Section 9 of the Insolvency & Bankruptcy Code, 2016. During the hearing, it was reported that an insolvency petition had already been admitted against H & V Engineering & Construction Pvt. Ltd in C.P. No. 314/2019. Consequently, the NCLT directed GurukrupaScagholding to approach the IRP with their claim and dismissed the current petition as not pressed. The key fact is the existence of prior insolvency proceedings against the same corporate debtor, rendering the current petition redundant.
Order sheet of the…