The case involves a petition filed against Unistar Metals Pvt. Ltd. -Vs- Hari Machines Ltd. The corporate debtor is already undergoing Corporate Insolvency Resolution Process (CIRP) vide order passed in C.P. (IB) No. 109/KB/2018 in Poonam Kanchalia -Versus- Hari Machine Ltd. on 15/05/2018.
A petition was filed against Unistar Metals Pvt. Ltd. -Vs- Hari Machines Ltd. under Section 9 of the IBC. However, it was brought to the court's notice that the corporate debtor, Hari Machines Ltd., was already undergoing Corporate Insolvency Resolution Process (CIRP) vide order passed in C.P. (IB) No. 109/KB/2018 in Poonam Kanchalia -Versus- Hari Machine Ltd. on 15/05/2018. Due to the existing CIRP, the court deemed the current petition not maintainable under Section 11 of the Insolvency and Bankruptcy Code, 2016.
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Hearing held…
Order passed in C.P. (IB) No. 109/KB/2018 in…
The case involves a petition filed against Unistar Metals Pvt. Ltd. -Vs- Hari Machines Ltd. The corporate debtor is already undergoing Corporate Insolvency Resolution Process (CIRP) vide order passed in C.P. (IB) No. 109/KB/2018 in Poonam Kanchalia -Versus- Hari Machine Ltd. on 15/05/2018.
A petition was filed against Unistar Metals Pvt. Ltd. -Vs- Hari Machines Ltd. under Section 9 of the IBC. However, it was brought to the court's notice that the corporate debtor, Hari Machines Ltd., was already undergoing Corporate Insolvency Resolution Process (CIRP) vide order passed in C.P. (IB) No. 109/KB/2018 in Poonam Kanchalia -Versus- Hari Machine Ltd. on 15/05/2018. Due to the existing CIRP, the court deemed the current petition not maintainable under Section 11 of the Insolvency and Bankruptcy Code, 2016.
Hearing held…
Order passed in C.P. (IB) No. 109/KB/2018 in…