Sheel Auto Industries (P) Ltd, the Operational Creditor, filed a petition against Hema Engg. Industries (P) Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016. Hema Engineering Industries Limited was already subjected to CIRP. The Resolution Professional of the Corporate Debtor was present and submitted that in Company Petition IB-900/ND/2020 (P.R. Rolling Mills Private Limited vs. Hema Engineering Industries Limited), the date of commencement of CIRP was April 5, 2021. The present petition, IB-132/ND/2021, was dismissed as withdrawn in terms of Rule 8 of IBBI (Application to Adjudicating Authority) Rules, 2016. The key fact is that the Corporate Debtor was already undergoing CIRP, which influenced the dismissal of the current petition.

Sheel Auto Industries (P) Ltd, the Operational Creditor, filed a petition against Hema Engg. Industries (P) Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016. Hema Engineering Industries Limited was already subjected to CIRP. The Resolution Professional of the Corporate Debtor was present and submitted that in Company Petition IB-900/ND/2020 (P.R. Rolling Mills Private Limited vs. Hema Engineering Industries Limited), the date of commencement of CIRP was April 5, 2021. The present petition, IB-132/ND/2021, was dismissed as withdrawn in terms of Rule 8 of IBBI (Application to Adjudicating Authority) Rules, 2016. The key fact is that the Corporate Debtor was already undergoing CIRP, which influenced the dismissal of the current petition.